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USEC Inc. Message Board

  • oldasasgt oldasasgt May 21, 2014 7:35 PM Flag

    Leaking Waste Drums

    Hi Lewis,
    I saw a TV program recently where they let a reporter film them as they stored the barrels & checked the RAD levels. Everything was ok back then.
    Question. My SILEX stock is in the toilet the last couple of week, could it be that the powers to be here are driving the stock down to see if the company fails & GEL can get out of the commitment with SILEX to use the USU tech? I don't trust anything our government has their hands on.
    Heading back to OHIO after a 4 day stop 18-22 Jun in St Louis for a Military convention "Old Spooks & Spies, former ASA GI's that served in Vietnam. Then down the East coast to VA., SC & Fl. then over to Houston TX & back to Vegas. A long trip, but it gets me away for awhile.. Take Care.

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    • In the "old days" a good way to get rid of liquid rad waste was to soak it up with cat litter, made of porous clay. Then you could just scoop it up with a shovel. What got them in trouble was the current Administration's push to "go green". They switched to organic cat litter. Of course, organic materials are far more likely to react with other chemicals. The ensuing chemical reactions generated byproducts which breached the drums.

      I haven't followed Silex in recent months. I have some technical questions on the process that may reflect on the difficulty of scaling it up to useful commercial levels. GE will continue giving cheerful progress reports right up to the day it succeeds or they decide to pull the plug, so I don't trust their press releases. If Silex fails, USEC has the next-best enrichment process out there. No news to account for the big drop but there's been some major sector rotation out of small-cap stocks with no earnings into large-cap dividend paying stocks.

      • 2 Replies to lewis_whokeyser
      • The Australian government has threatened to put the stop on the major Silex Solar project which has really driven down the stock. Apparently they are cutting all NEW projects but there is a moderate chance that projects in process, like Silex's, will continue. I don't know if I can trust GE or the U.S government when it comes to the "believeability" of Silex, but for some reason I trust the CEO of Silex, Michael Goldsworthy. This guy thinks he has literally found the Holy Grail and that 1/2 the Nuclear Reactors in the next 10-20 years will be using this method.

        Sentiment: Strong Buy

      • Thanks Lewis,
        The company is finally putting out some PR letters to the stock holders, Maybe to little to late. I'm to far into my ride to get off of this lame horse. I can only hope is that he gets me across the finish line before it dies outright. Take care. Enjoy the Memorial Day weekend.


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