"Never count your chickens before they are hatched" is the old...

"Never count your chickens before they are hatched" is the old saying.
It is difficult to know whether to risk and wait in hope the licence is granted for a hefty profit or bail out now for a nice profit. I sold out today for a nice profit. For those who bought in over $5 good luck and I really hope the license comes through.

There have been some great inventions but some come along at just the wrong time when society was not ready to accept them yet. I think people are getting nervous that it is not a sure bet the plant will be built. (it may get built, but it may not - 50/50 gamble).

Some links below, a few may find of interest.

July 11, 2012 - Associated Press - America's New Nuclear Plants Cost Billions More Than Expected - America's first new nuclear plants in more than a decade are costing billions more to build and sometimes taking longer to deliver than planned, problems that could chill the industry's hopes for a jumpstart to the nation's new nuclear age. Licensing delay charges, soaring construction expenses and installation glitches as mundane as misshapen metal bars have driven up the costs of three plants in Georgia, Tennessee and South Carolina, from hundreds of millions to as much as $2 billion, according to an Associated Press analysis of public records and regulatory filings. Those problems, along with jangled nerves from last year's meltdown in Japan and the lure of cheap natural gas, could discourage utilities from sinking cash into new reactors, experts said. The building slowdown would be another blow to the so-called nuclear renaissance, a drive over the past decade to build 30 new reactors to meet the country's growing power needs. Industry watchers now say that only a handful will be built this decade. http://www.iem-inc.com/newitmr.html


US NRC certification of GE Hitachi's new reactor design delayed to 2013
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6404301