Moosey
Emerged
Got this from a friend of mine around mid May, this may explain the SP rise recently ?
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From Shaws
Silex Systems (SLX)
Rating: Buy | Risk: High | Price Target: $3.40
Helping the US source non-Russian nuclear fuels
Event: US Senator John Barrasso has introduced to the US Senate a bill to ensure a domestic supply of High-Assay Low-Enriched Uranium (HALEU) for Advanced Nuclear Reactors. There are two bills now before the US Senate; Barrasso’s Fueling Our Nuclear Future Act focussing on HALEU and Senator Minchin’s International Nuclear Energy Act focussed on broader nuclear industry initiatives. Both are ultimately aimed at ridding US reliance on Russian (and Chinese) nuclear fuel and technology. Both bills have a level of bi-partisan support; in our view the chances each bill passing is reasonable. As far as SLX (and GLE) is concerned, both bills potentially passing would be very positive. Barrasso’s Bill would possibly lead to direct finding support for potential HALEU suppliers and Minchin’s likewise for uranium suppliers. The legislative process is complicated in the United States. We will continue to observe how these bills fare as they move through Congress.
Recommendation: In our view the US nuclear industry is about to undergo massive revitalisation with significant funding initiatives from Congress likely, which is positive for GLE and Silex. Further investment is required in uranium mines and nuclear fuel enrichment technology. We have a high conviction Buy recommendation on Silex and believe the company is materially undervalued at current levels.
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From Shaws
Silex Systems (SLX)
Rating: Buy | Risk: High | Price Target: $3.40
Helping the US source non-Russian nuclear fuels
Event: US Senator John Barrasso has introduced to the US Senate a bill to ensure a domestic supply of High-Assay Low-Enriched Uranium (HALEU) for Advanced Nuclear Reactors. There are two bills now before the US Senate; Barrasso’s Fueling Our Nuclear Future Act focussing on HALEU and Senator Minchin’s International Nuclear Energy Act focussed on broader nuclear industry initiatives. Both are ultimately aimed at ridding US reliance on Russian (and Chinese) nuclear fuel and technology. Both bills have a level of bi-partisan support; in our view the chances each bill passing is reasonable. As far as SLX (and GLE) is concerned, both bills potentially passing would be very positive. Barrasso’s Bill would possibly lead to direct finding support for potential HALEU suppliers and Minchin’s likewise for uranium suppliers. The legislative process is complicated in the United States. We will continue to observe how these bills fare as they move through Congress.
Recommendation: In our view the US nuclear industry is about to undergo massive revitalisation with significant funding initiatives from Congress likely, which is positive for GLE and Silex. Further investment is required in uranium mines and nuclear fuel enrichment technology. We have a high conviction Buy recommendation on Silex and believe the company is materially undervalued at current levels.
