Seems like at $17m value some big uranium, energy, or reactor company would simply buy this thing and all rights to ACP technology. For example Westinghouse buys the thing and makes the Uranium for their customers. Duke energy could buy the place and make their own.
Looks to me like pathway to government checkbook without all the privatization/SEC noise. So USEC will be contractor for the Gov. IE won't have to worry about bonds, loans, public noses etc. Skids will be greased from here out to build the factory. I wonder what profit/loss might be for USEC after BK? I hate to see capitalism fail. Seems similar to GM bail out, but for security reasons rather than economic disaster. Interesting.
TOKYO — The government of Prime Minister Shinzo Abe made its biggest push yet to revive Japan’s nuclear energy program on Tuesday, announcing details of a draft plan that designates atomic power as an important long-term electricity source.
The new Basic Energy Plan, which states that Japan will push to restart reactors that were closed after the disaster in 2011 at the Fukushima Daiichi nuclear power plant, overturns a promise made by a previous government to phase out the country’s nuclear reactors. The plan also leaves open the possibility of building new plants as well as restarting existing ones.
I Learn something everyday... smarmy - unpleasantly and excessively suave or ingratiating in manner or speech; "buttery praise"; "gave him a fulsome introduction"; "an oily sycophantic press agent"; "oleaginous hypocrisy"; "smarmy self-importance"; "the unctuous Uriah Heep"; "soapy compliments"
buttery, fulsome, oleaginous, unctuous, soapy, oily
insincere - lacking sincerity; "a charming but thoroughly insincere woman"; "their praise was extravagant and insincere" Consider this a NON smarmy notice. I've been gaming this dream for over 5 years. Reality is USEC is going BK. May recover but not this year. T
Todays resolve with NLY stock up and market dumping shows some real strength. Also Technical Chart is one of the few showing nice support and positive trend. If market holds a bit, I would expect NLY to go up 10%++ in next few days.
King...your are likely correct. Just a what if comment for discussion...see Sponge's note. Plus USU does have a business w income? What is that valued at?
Good discussion king. But we do not know what business is valued at? So yeah financials all point to $200m...but we really don't know valuation at BK. So 5% of what is really an unknown.
If company issues new stocks in reorg and say they raise $3 Billion and hits a home run for the $2B LG. then 5% of 3 billion would be 150million divided by the 5 million share of holders, would be $30/share. Wild idea but who knows what the value will be when reorg and refunding will be? Also the ACP technology, infrastructure customer basis, certainly have value. So USU is like you said not an ordinary product or company. However BK is BK so robey743 could also be more right. It is down so much now that IDM.
Heh Thinker...did you happen to think this is NOT ABIO but the USEC message board. Go take a trip in reverse out of your asshl.
The 5% to existing stock holders is likely a pipe dream. I have never seen a BK company give anything to bagholders. I am one so I am expecting zip. Lucky it wasn't huge amount of my portfolio. But interesting ride.
Beg to differ...technology is proven. As is Silex. Does business plan work at current demand/pricing...likely not. Will it in 5 years likely yes. It is a risk/reward long term venture.
We have waited for the DOE milestones for oh about 2+ years now. Clearly this success is worth $10+ per share. Given the ACP technology is proven, one would think company value would go up despite the funding and debt clouds. Why not? This was a major step toward cheaper SWU manufacturing in USA. Again GE-Silex and USEC could/would be world low cost manf of uranium and in 3-6 years demand will be much higher. So long term should profits should blossom??
Not a fan of long term solar or wind investments. Long term is 5-10 years. There is a niche for them, but not the powerhouse needed to replace Fossil Fuels.
USU should go back to being private and be a long term LLC investment. The daily trader mucks have no interest in USA energy policy and have run stock prices like a video game. Not sure a 'stock' company can revert to private/LLC company but if it could might be a solution for funding and paying off debt. It would take investors with bigger kahunas to step up..but the potential is like no other investment. Oh yeah...and pay the shareholders $50/share for the buy out.