Anyone else heard that Cameco might be looking at Rossing?
This from Robin Bromby in yesterday's Australian.....
----------------------------------------------------- ..........."Remember that Cameco already has a large stake in our uranium industry after buying (in partnership with Mitsubishi) the large Kintyre deposit in Western Australia from Rio Tinto . Expect action there, too.
And it is on a search throughout the world for more uranium. It is raising fresh capital of $C460 million, which will give it cash reserves of more than $C700 million.
According to the Vancouver Sun, the company is eyeing Rio’s Rossing mine in Namibia..........." -----------------------------------------------------
Cameco may be assuming that Rio will want to sell if the Chinalco deal falls through??
Cheers all!
EXT Price at posting:
$4.65 Sentiment: Buy Disclosure: Held
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