IMO the market assumed that since the NRC granted permission to...

IMO the market assumed that since the NRC granted permission to fill the TRL/6 prototype with UF₆ in March that testing would now be well underway with the possibility that the tests would be concluded by the AGM (or before). Whilst (like Scaggs) I think it's prudent to iron out the snags before filling the equipment with UF₆ I think this is lost of investors who have little understanding of "technical" issues and timescales who are now confronted with reality. Also they possibly note that even the projected conclusion of the test by 31/12/24 is now "subject the the absolute discretion of the independent expert" - IMO this is taken as a clue that the the TRL/6 test conclusion will slip - let's hope not.

I also note that PLEF production has now slipped to 2028 and will probably need to ramp up (I think many were hoping for 2027). Also that the PLEF 2028 is for NUF6 production will only start to ramp up then - the LEU production will no doubt be later and plans are ambiguous on when this is planned to start (assuming that the DoE allocate us a slice of action on their US$2.72Bn RfP)