Wow, Yellowcake has completed the full-circle and is now back to the namesake.
Cameco was basing in late July and heading up again, crossing through 50- and 100-day averages and then all good was undone with general market panic. It's hard to run alone when there is 5% plus swings daily in the US.
There has been a recent stirring of activity in U M&A, moving past opportunistic, hostile bids (Mantra, Bannerman) to actually paying a good, yet fair price for companies. Refer to Cameco's bid for Hathor recently. Would also expect the Chinese bid for Kalahari to be re-ignited soon, now that regulatory black-flags have expired.
US utilities signing off-takes with PDN and they have been talking about concluding deals with Chinese utilities in 2H 2011, for a while now.
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