The insiders at Cameco and Silex would now have a very good idea of how likely a GLE plant build in Paducah is.
If it was likely, why would Silex sell at such a low multiple of projected annual earnings, especially in the early stages of uranium recovery? If it was unlikely, Cameco wouldn't want it.
Then there is the notion that major holders of Silex, some who have put their life's work into it did not sell as the price went from a high of $13 down to 17 cents. If they didn't bail then why would they now?
On another note, I thought our fy22 earnings and update were due today. Did I read it wrong?
Some Press, page-63
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