SLX 6.21% $5.13 silex systems limited

Zog, They have said they could speed up the process if financing...

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    Zog, They have said they could speed up the process if financing was forthcoming, the way the discussion over HALEU is heading?
    I see that as a distinct possibility, so I don't necessarily agree with your point 1
    As for your point two, I hope GLE aren't into making babies?


    I do think the term sheet was set up with Silex owning the larger share at this point for a reason? but the possibility of bringing the commercialisation forward should not really affect what has to happen for commercialisation to take place, I believe it will still allow for certain events to take place before Cameco become the controlling interest, namely -:
    http://www.silex.com.au/SILEX-Laser-Uranium-Enrichment-Technology/GLE-Restructure-(1)

    SILEX Technology :
    The SILEX Technology License Agreement with GLE
    The Amended and Restated Technology Commercialisation and License Agreement, signed in 2013 between Silex and GLE, is an exclusive worldwide license for exploitation of the SILEX technology for uranium enrichment. Silex’s potential acquisition of a 51% interest in GLE will not affect the license agreement between Silex and GLE, under which Silex will be entitled to a perpetual royalty of between 7 – 12% on revenues generated by GLE from any future use of the SILEX technology, including the Paducah commercial plant opportunity detailed below.

    Further milestone payments of US$20m will also be payable to Silex in the event the SILEX technology is commercialised by GLE.

    Personally I do think that part of the reason why it was done this way was to set those payments in stone, once commercialisation is completed and we get paid the extra monies coming to us and an agreement by Cameco to stick with the royalty payments, I think that will be the time when SLX agrees to sell the extra 26% at fair market value to Cameco who would then effectively control the reigns from that point on!
 
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