ngalia uranium jv, page-3

westaussie

I'd like to see them do a deal with the likes of Areva who have pretty big pockets and also a major interest in the selling of product to end users.
I think they did a deal with FTE about 18 months ago in Africa, where they put in money and if the company could come a with a specified resource within a specified period, they then would put more money in.
They tried doing a deal with SMM back in 2007 worth about $200m odd for about 18% of the company to advance their drilling and increase their resource, but PDN stuffed that up by trying to take SMM over.

SMM is still listed as PDN didn't get the 90% to force a complete T/O.

I understand there's another type of survey THX could do to give them a better idea where to drill, but is fairly expensive if you have limited funds...which THX has.
This could be affective for a company with a lot more cash.

I would imagine THX would create another company that THX would possibly keep 51% if possible (my thoughts only) and therefore share holders in THX still have a finger in the pie, with also the potential to grow THX's share price if they find a significant resource, which they can then make use of doing a capital raising to fund all THX's other prospects.

With all those paleo channels, surely they must be able to find a significant uranium resource....and it's a lot cheaper to mine than a lot of other uranium resources.

With the world markets in such turmoil at the moment, we may just have to be a little more patient for the big fish to bite.
At least it looks like uranium is coming back into favour with India now flavour of the month with Julia.

Regards
Dabru