SLX 1.68% $4.67 silex systems limited

Why am i disappointed with this update

  1. 286 Posts.
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    I have been a SLXer almost since they were first listed. After so many years of waiting, more waiting, disappointments, extreme disappointments, frustrations and endless cut and paste shareholder reports that promised all but never delivered. Today we finally get one that we maybe could hang our hats on. But i am still not happy because of this disclosure (copied below)which i have not seen in any announcement before. I ihave highlighted the important bits is red.

    ii) Project Update–TRL-6 Demonstration:
    In parallel with the GLE restructure activities, a focused operational effort has continued on the technology commercialisation program at both the Silex, Sydney and GLE, Wilmington, North Carolina project sites.Laser system development activities in Sydney include design upgrades and optimisation for the prototype commercial-scale laser systems.Activities in Wilmington include the scaling-up of enrichment process equipment and preparation of the Test Loop facility for the installation of prototype production equipment which will be utilised for a full-scale demonstration of uranium enrichment under commercial-like conditions.

    This demonstration is formerly defined in DOE terminology as a ‘Technology Readiness Level -6’(TRL-6) demonstration1.Despite various headwinds,good progress continues to be made in the technology engineering-scale up program.The TRL-6 demonstration,which is currently scheduled for completion in the 2025 time frame, includes economic validation of the technology and is the key step before a decision can be made to proceed with the development of the Paducah uranium production project.

    Achieving a successful TRL-6 demonstration largely completes the de-risking of a new technology introduction (NTI) program, and generally enables project financing activities to commence.For example, completing the TRL-6 demonstration would allow GLE to consider an application for aDOE loan guarantee facility administered by the DOE Loan Programs Office (LPO). The LPO’sUS$10.9 billion Advanced Nuclear Energy Projects Loan Guarantee Program(energy.gov/lpo)includes potential financing for innovative front-end nuclear technology, including new enrichment technology–such as the PLEF.Any future decision by GLE on accessing this program would naturally consider many variables and prevailing conditions in the nuclear fuel and capital markets.

    While it is great that finally we get a time lime and a sort of explanation that it is for the TRL-6 but WHY IS IT GOING TO TAKE 5 MORE LONG PAINFUL YEARS to complete. Surely it can be done in a much quicker time frame. For gods sake how many years have we already spent fiddling around with it.

    I invested because of U enrichment. Sure we have a couple of other irons in the fire that may pan out for us but we have had exciting prospects in the past which have come to zilch. Solar, and that company in Adelaide for got the name now and Translucent which we may have salvaged something from.
    Come on MG and the other Directors pull out all stops and get the Technology TRL-6 ready without any further delays then we can be ahead of the game when the market and Cameco are ready to go.
 
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