GE are accumulating, for no other reason than to shore up a U miner for it's plan to compete with Areva like I said earlier. It's not an investment for direct financial reasons (i.e. sell shares when they rise), it's to get a stake in the company (and indirectly, DYL).
So IMHO it's to buy a boardroom seat and/or block others out; and for leverage for deals. If they want to compete with Areva, they have to get some U miners onboard with them. Looks like PDN is going to be one of them.
I attended a conference some weeks ago where Areva were talking about their Nuclear stations, and they made a very big deal of their ability to be a 'one stop shop' for Nuclear power - from yellowcake to building the station. This something unique to the nuclear industry - it's akin to BHP mining ore, making steel and being a construction giant too.
GE very much want to be like Areva - they have said that publicly.
ge purchase, page-28
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$12.56 |
Change
-0.680(5.14%) |
Mkt cap ! $3.748B | |||
| Open | High | Low | Value | Volume |
| $12.52 | $12.71 | $12.09 | $73.41M | 5.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8050 | $12.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.58 | 5545 | 2 |
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| PDN (ASX) Chart |