smh uranium stocks stellar proformers

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http://business.smh.com.au/business/uranium-hunters-on-the-move-20090510-az79.html

Extract.

Botswana plays
Take A-Cap Resources, a uranium explorer in Botswana.

Since March the stock has more than tripled to the 37c a share posted on Friday, giving it a market cap of $60 million.

Apart from the recent general rush back to uranium explorers, A-Cap has benefited from the emergence of a Canadian uranium entrepreneur, Stephen Dattels, as a major shareholder through his London-listed Polo Resources.

Dattels is best known as the founder of the African uranium explorer UraMin, which was bought by the French nuclear giant Areva for $US2.5 billion ($3.3 billion) in 2007. UraMin had 170 million pounds of uranium under its belt at the time, and plenty of exploration upside.

Through Polo, Dattels is looking for a repeat performance. The group has been busy assembling key stakes in uranium explorers which might fit the bill.

Polo has just taken a 19.9 per cent stake in A-Cap through a $10 million placement of shares at 20c a share, lifting A-Cap's cash to about $15 million.

Before the A-Cap move Polo took up strategic stakes in the ASX-listed Berkeley Resources (uranium/Spain) and Caledon Resources (coal/Queensland), and an interest in Extract Resources (uranium/Namibia).