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SLX - SILEX SYSTEMS LIMITED


moosey

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In reply to: Sinner on Friday 28/09/07 10:57am

I noticed that USEC have raised $200 million in equity and $500 million in convertible notes early in the week to fund their centrifuge development. Interesting that Silex was able to hold an auction with 3 parties while USEC has had to go it alone. I'm only guessing, but maybe there are some nuclear/uranium based funds that have been selling SLX to fund participation in the USEC placement. Pretty dodgy investment decision if they have, but could explain some of the selling.

 

Cheers

saf http://www.sharescene.com/html/emoticons/biggrin.gif

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In reply to: Sinner on Friday 28/09/07 10:57am

This overnight from the US. Almost ensures now that GE WILL build a commercial enrichment facility. We expected this, but the arrangements indicated below provide further impetus and greater assurity. Just a shame that SLX wasn't explicitly mentioned http://www.sharescene.com/html/emoticons/mad.gif :

 

 

Exelon, Entergy Sign Letters of Intent with GE-Hitachi for Uranium Laser Enrichment Services

4:59p ET October 3, 2007 (Business Wire)

Exelon and Entergy, two of the United States' largest nuclear utilities, have signed non-binding letters of intent to contract for uranium enrichment services from GE-Hitachi Nuclear Energy (GEH), which is working to develop its next-generation, Global Laser Enrichment (GLE) technology to produce enriched uranium for fuel used in commercial nuclear reactors.

 

As part of the letters of intent, the two utilities also may provide GEH with facility licensing and public acceptance support needed for the development of a commercial-scale, GLE production facility.

 

GEH has begun preparing its GLE test loop at the nuclear fuel manufacturing facility operated by Global Nuclear Fuel (GNF), a global joint venture owned by GE, Hitachi and Toshiba that is co-located at GEH's nuclear energy headquarters site in Wilmington, N.C.

 

Before moving ahead with full-scale production plans, GEH will first evaluate results of the testing, select a location for the proposed facility, and obtain an NRC license to build and operate the commercial plant. Site selection and commercial licensing activities are currently underway to support a projected start-up date of 2012.

 

GEH's commercial GLE facility would have a target capacity of between 3.5 and 6 million separative work units (SWUs).

 

"We are thrilled to sign these letters of intent with Exelon and Entergy, which demonstrate the nuclear industry's interest in the commercial development of our next-generation laser enrichment technology," said Andy White, president and CEO of GEH. "We are investing in GLE to help ensure that a consistent and secure supply of enriched uranium is available to our customers in the coming decades."

 

Exelon and Entergy are the first companies to sign letters of intent with GEH's GLE unit. Both utilities are long-time nuclear reactor technology and services customers of both GEH and GNF.

 

"Globally, the nuclear industry needs to add enrichment production capacity to keep pace with a projected increase in demand for enrichment services, especially as first-generation enrichment technology gradually phases out and a growing number of countries continue to explore the feasibility of building new reactor fleets," White noted.

 

Illinois-based Exelon operates 10 nuclear stations, with 17 reactors generating approximately 17,000 megawatts (MW) of electricity. It is the third largest nuclear fleet in the world and the largest in the United States, comprising nearly 20 percent of the nation's nuclear generating capacity.

 

New Orleans-based Entergy Corporation subsidiary companies own nine nuclear power plants with 11 reactor units and operate a 12th unit under contract, generating approximately 11,000 megawatts (MW) of electricity and supplying about 13 percent of the country's nuclear generating capacity.

 

About GEH Nuclear Energy

 

Based in Wilmington, North Carolina, GEH is a world-leading provider of advanced reactors, nuclear fuel and nuclear services.

 

Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry outside Japan. The new nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

 

SOURCE: GE-Hitachi Nuclear Energy

 

 

 

 

 

J.

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In reply to: JustinS007 on Thursday 04/10/07 08:15am

Great find but it sounds like our Silex is undergoing some re-branding.

"GE-Hitachi Nuclear Energy (GEH), which is working to develop its next-generation, Global Laser Enrichment (GLE) technology to produce enriched uranium for fuel used in commercial nuclear reactors."

GLE is the new Silex technology.......OK, as long as they pay.

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In reply to: JustinS007 on Thursday 04/10/07 08:15am

This is great news. This has probably been asked before, but does anyone know if these new contracts will somehow be accretive to SLX earnings, or has GE already

paid SLX through the licensing agreement? Thanks in advance.

 

Joseph

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In reply to: JustinS007 on Thursday 04/10/07 06:15am

Great find, mate. Hopefully this will help arrest the slide we are seeing (although a cynic might say it is just a PR exercise, being 'non-binding' agreements, but it does prove GEH is out there selling it). Unfortunately as you say, it does not specifically mention SLX-good for us 'insiders' who want more shares at a cheap price, but I filled up long ago and just want it to go up now!

Why the name change? I guess something more 'user friendly' for the general public. I'm guessing GE was getting sick of explaining exactly what an isotope was!

Cheers!

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In reply to: Highway101 on Thursday 04/10/07 08:41am

No income can be derived directly as a result of this announcement, however there is now very little doubt that SLX will be commercially deployed. That is where the real income will be generated (royalties) and assuming the output mentioned of 3.5 - 6.0 SWU is correct then a range of DCF and NPV figures can be calculated right now. Even at the lower end, those figures are much, much higher than $7.70 incidentally. They are, by my reckoning, much higher than $10 too. But the market likes to play funny games.

 

You also have to add solar and other techs too of course. Exciting times ahead.

 

J.

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In reply to: saf on Thursday 04/10/07 10:31am

Hopefully some more big Energy producers will join the que with letters of intent. Then all we need is for a a strong solar announcement to cut in the afterburners, and SLX might get back up to the $A13 level it touched earlier in the year . Patience will have its reward !

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