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SLX - Silex Systems

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Looked at these guys years ago when Uranium was all the rage. They have a design for high tech lasers of some sort that can treat Uranium better, or operate more efficiant power plants, or something along those lines.

Its a very tightly held stock, with management owning a huge chunk, so that may be why not much on offer.
 
Game on, guys! SLX announcement today on laser enrichment test loop status::)

Global Laser Enrichment Announces Start of
Test Loop to Guide Evaluation of Next-Generation
SILEX Technology for U.S. Laser Enrichment Plant
31 July 2009
Global Laser Enrichment (GLE) today announced the start-up of a “Test Loop” to evaluate the next-generation SILEX uranium enrichment technology that GLE is developing to increase the United States’ supply of enriched uranium for nuclear power plants worldwide.
“The on-schedule commencement of Test Loop operations is a tremendous achievement and a credit to the entire GLE team,” Dr Michael Goldsworthy, Silex Systems CEO said today. “Having watched the Test Loop facility take shape over the last two years, I can assure our shareholders and supporters that this unique world-class technology, the only third generation laser-based enrichment process, is in the right hands. With success in
the Test Loop demonstration, GLE will be well positioned to establish its leadership credentials in this key industry”, he added.
GLE, a business venture of GE, Hitachi Ltd. and Cameco, will use the Test Loop results in determining whether to commercialize laser-based enrichment technology in the first such full-scale commercial production facility in the world.
The plant, which would be built in Wilmington, N.C., would create a reliable, long-term domestic supply of enriched fuel for nuclear power plants, as the United States seeks to meet the challenges of energy security, climate change and increased demands for power. Nuclear energy creates virtually no greenhouse gases during the electricity generation process.
Utilities’ demand for low-enriched uranium is expected to increase significantly in the coming years, with the anticipated construction of a new generation of nuclear power plants. Meanwhile, a number of current sources of enrichment supply are expected to go off-line over the next five years.
GLE’s facility could support U.S. high-tech manufacturing employment by potentially creating hundreds of permanent engineering and support staff positions, as well as providing supply chain growth across the United States. During construction, the project could create more than 500 temporary trade jobs.
“Clearly, this is a major step forward in the commercial deployment of our advanced enrichment process after years of careful research,” said Tammy Orr, President and CEO of GLE. “We believe the Test Loop will confirm that our Global Laser Enrichment process will offer customers a competitive source of diverse and secure enrichment to fuel the operating and expanding fleet of nuclear plants.”
The Test Loop is designed to validate the commercial feasibility of the technology and advance the design of the equipment, facility and processes for the planned commercial production facility. While the results will be proprietary, Orr noted: “We are very encouraged with the results we have obtained to date and with the pace of our progress on Global Laser Enrichment.”
GLE anticipates gleaning sufficient data from the Test loop by the end of 2009 to decide whether to proceed with plans for a full-scale commercial enrichment facility. At that time, the company also would refine its projected schedule for bringing the plant online.
The start-up of the Test-Loop comes less than a month after GLE announced it had completed its license application to the U.S. Nuclear Regulatory Commission (NRC) to build the full-scale facility. The NRC’s estimated 30-month application review process officially begins once the agency formally dockets, or accepts, the GLE application.
The proposed enrichment plant would be co-located with the existing nuclear fuel manufacturing facilities of Global Nuclear Fuel and the new plants and services business of GE Hitachi Nuclear Energy, headquartered in Wilmington, N.C. If the decision is made to proceed with construction, the GLE commercial production facility would have a target capacity of 3.5 million to 6 million separative work units (SWUs). A SWU is a unit measuring the energy used to enrich uranium, which is then fabricated into fuel assemblies for nuclear power plants.
In 2006, GLE acquired the exclusive rights to develop and commercialize the thirdgeneration uranium enrichment technology globally through a license agreement with Silex Systems. In 2008, Cameco, one of the world’s largest uranium producers, acquired a 24% ownership stake in GLE. GE holds 51% majority ownership, while Hitachi holds a 25% stake.
The full text of GLE’s parallel announcement can be found at the following website address: http://www.genewscenter.com
 
anyone care to make a prediction on when we can expect the results of the test loop? 'The end of 2009' is fast approaching and I for one am hoping for a little extra at Christmas!
 
I've heard the AGM is to be on Nov 24-that might be your best chance to get a good feel for the status of things. Unfortunately I will not be able to make it this year due to work/family reasons (I live in WA, so not as easy for me as it is for you!). In terms of the test loop, I find it interesting that GE imposes a deadline of the end of this year, when in reality licensing timeframes really mean they have an extra year or two thoroughly test the process if they wanted to. So unless the test loop has a finite time allowed under US law, then why propose only 6 months of testing? I have my suspicion (hope!)
 
"GLE anticipates obtaining sufficient data
from the Test Loop by the end of 2009 to decide whether to proceed with plans for a full-scale commercial enrichment facility."

I hope this doesnt mean December 31 :-(
 
SLX's plant at Olympic Park Sydney is the only factory in Australia making Solar Panels for electricity generation.

With the NSW Gov's decision to pay $0.60/Kwh SLX should be in a position to sell into the demand. These panels are coming on the market at the right time.

I hope they will be competitive with the Chinese on Price, Performance, Quality & Longevity.:D
 
prawn_86 said:
And what technicals may they be? Why not post a chart and show your analysis?

Thanks

Prawn
Click to expand...

It wouldnt surprise me that acfnais's 'technicals' relate to the website link under his message and that he probably has posted the same message in lots of threads in the hope that lots of people will click his 'technicals' link. I for one won't be clicking it.
Still waiting for an announcemnet on their tests with GLE
 
I think the GLE announcement will come sometime early next year-I'm assuming February. Why? Just a feeling on my part, also, more recently, some feedback from a mate who attended the AGM and read between the lines. So don't get your hopes up for an announcement this calendar year. I could easily be wrong, but my expectation is not setting me up for a fall come Jan 1 2010.
 
This waiting around is so tiresome, what a pity we can't be given a day by day account of what's happening.
First it was the 'end of the year' for the big announcement, now it's the 'end of the 1st quarter'.
I may have to take up banging my head if it becomes a 'half yearly surprise'
:banghead:
 
End of the first quarter is fast approaching! Share price is slowly dropping :-(
Is the long wait nearly over or is it about to be extended to a half yearly announcement now I wonder?
 
Personally I believe in the train of thought that goes 'You can't stop progress'
I also think Obama follows that doctrine as well.
Anyway, slightly lack lustre market response to the good news of a successful test loop? Or shall it be a few more steps up to go before the share price becomes more realistic?
Maybe these should be held for my retirement in 25 years, or maybe they can bring it forward a bit!
 
Back up by 5.7% after a bit of a drab, torturous period of new lows everyday (fueled by what seems like pathetic PR on part of management). Should be interesting to see what effect the new positive sentiment on the DOW/ASX has on this stock.
 
isplicer said:
Back up by 5.7% after a bit of a drab, torturous period of new lows everyday (fueled by what seems like pathetic PR on part of management). Should be interesting to see what effect the new positive sentiment on the DOW/ASX has on this stock.
Click to expand...

The chart does look a bit sickly! Sad really considering the forward thinking technology this company has.

If you put their dense array photovoltaic technology next to digging up coal and burning it well... it does seem a little bit smarter :silly:
 
Discovered an article on the web from The Seattle Times which was published yesterday, 20 August 2011, or today our time!

Not sure if I can post a link but i have put it underneath the following outtake -

"Laser advance in uranium enrichment may risk bomb spread -

General Electric says it has successfully tested laser enrichment for two years and is seeking federal permission to build a $1 billion plant that would make reactor fuel by the ton....."


By WILLIAM J. BROAD

The New York Times


http://seattletimes.nwsource.com/html/nationworld/2015969956_laser21.html


Since I have recently doubled my holding I hope this means I haven't thrown good money after bad!
 
The journey over the last few years to sub $3 has not been nice. My only saving grace is my average (before my sales to recoup outlay) is sub $1. All the news snippets emanating from USA that I have seen is that GE is happy with the process and that it is central to their U biz model. The question is whether it will be licensed. I believe it will be, as the 'proliferation threat' appears to be overblown. It would appear from past releases that the technology DOES work, so if rogue nations want to pursue it, they already know it IS possible. Licensing is irrelevant in that regard, so the prime position adopted by people against it is already obsolete. Surely they can see that, but they're adopting Goebbel's logic of a lie told once is a lie, but if told a million times becomes the truth.
A couple of things: The US sidestepped centrifuge technology a few decades back because of proliferation fears, but the rest of the world did not. It left the USA behind all others, and for what? I do not think they'll pass up the current opportunity to take the lead again. And another thing, if it is knocked back, does GE go elsewhere in the world? Or does the technology revert back to Silex again (like it did after USEC contract fell over)? If so, I'm sure a few interested other parties would come knocking on the SLX door. Does the USA want that?...
Bottom line, I don't think USA can afford to not license the technology.

Having said all that, if you have a strong conviction, stick to it, as do not be surprised if people try to take advantage of thinly traded stock to push the price lower leading into this most important time in Silex's history.
 
Silex and U enrichment got a run on ABC's 7:30 report tonight. As you'd expect from Auntie, the focus was on the chicken littles saying the sky was going to fall down if laser enrichment occurs. Can't they understand that even if they stop GE, others would follow (or in the case of Iran, are already there apparently). However, for those with a more pragmatic viewpoint (not to mention anticipated financial bias), there were some juicy quotes from MG re likelihood of NRC approval and potential revenue. Plus the narrator was talking about how this could make the owners very rich.
I assume it will be on ABC Iview at some stage. Look for the Tues Sept 27 link at
HTML: 
http://www.abc.net.au/iview/#/index/0-9
 

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