This is what the enriched uranium spot price for the past 20 years. Does it look familiar? If not check out SLX for the past 20 years.
Surely HC SLX followers can understand why GLE are on a go-slow simply by looking at this chart!
Surely HC SLX followers can understand the MG has had absolutely no influence on this enriched uranium spot price!
Surely HC SLX followers understand that many decisions made by MG in the past about novel techs were made in a much more positive environment for Silex Laser!
Surely HC SLX followers were aware of GLE's intentions...
'GEH plans to deploy a commercial enrichment facility in the near future, with an increase of approximately one million SWU per year thereafter. The initial commercial cascade would then be expanded in modules to a larger commercial facility, with an expected capacity of 3.5 to 6 million SWU per year. '
Surely HC SLX followers understand that GLE revenue targets in 2010 on the pre-Fukushima SWU price were to start at $160M growing to nearly $1B. On current prices you can halve it. You get this right? And you do understand that this is not MGs fault?
The truth of the matter is... many here are simply blaming MG for their own complete lack of foresight when it came to the fall in Uranium prices and will blame anyone and everyone but themselves. In reality if any CEO went around running their business based on worst case tsunami events they would be shown the door immediately.
Again, if you are here for a quick fix you will probably be disappointed. However, if you are willing to patiently await a turnaround for the U spot price you may be well rewarded.
I am surely... SirKnight.
(20min delay)