SLX 4.28% $4.25 silex systems limited

Read this before you sell

  1. 1,348 Posts.
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    Found this.

    Reads better than SLX's announcement. Too cheap

    In an email statement, a GLE official said "most contractor-based work on the project will be suspended", and later added that approximately two dozen contractors in Wilmington "support the project".


    The entire email statement sent from Jon Allen of GE Hitachi Nuclear Energy reads as follows: Today, Global Laser Enrichment (GLE) announced its plans to pace development of the technology in alignment with market conditions. GLE intends to concentrate its efforts on technology development activities being performed at its Wilmington, N.C. facility. Most contractor-based work on the project will be suspended and the project facility in Tennessee will be placed in a safe storage mode. GLE remains optimistic about the technology and will continue to negotiate with the U.S. Department of Energy on the opportunity in Paducah, Ky. These business decisions support the long-term viability of the program.

    K
 
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