Because GE cannot be outmanoeuvred on rights to laser enrichment-they have SLX by the short and curlies. So why commit when there might be a risk (however small) that some unexpected event will see the need for the process disappear? They have nothing extra to gain by committing earlier than they need to, so why should they? MG and mgt did a good job getting GE involved. Their stated aim after USEC pulled out back in ~2003 was to not be so reliant on a single process. Well, since then they've spent what, $100M or so on the other technologies in their stable and so far (i.e. in 10 years) have achieved NOTHING to benefit shareholders. I wish I was paid circa $2k per day for 10 years to achieve nothing for the 'loyal and long suffering shareholders' as he calls us. That's putting it mildly. There's only so many times you can listen to the 'we're moving closer to commercialisation' spiel. Chairman Mao said the longest journey starts with the first step. That very first step gets you closer to your goal, but says absolutely nothing about how many more steps remain to be taken.
SLX Price at posting:
$2.12 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)