areva buy mey to average down?, page-4

What if Areva aren't the only ones looking to acquire Namibian U308 ...

http://www.miningmx.com/news/energy/uranium-one-hunts-for-African-assets.htm

Thu 11th March 2010

Uranium One hunts African assets

Most of the opportunities in the uranium industry lie within Africa. There are other opportunities elsewhere such as in Australia, but the opportunities which make the most sense for us are in Africa and that doesnt mean South Africa, he said.

The hunt is on in countries like Niger, Namibia and Tanzania for example."

"Looking ahead at prices of U3O8, which are currently around $40/lb, Nortier said the supply/demand imbalance remained intact, with miners supplying just two thirds of demand.

Despite that, weve had a very sluggish uranium price over the past 12 months and I dont necessarily think that will change in the next 12 months. But if we look three to five years out we are extremely bullish, he said."