re: Ann: Letter of Intent with Uranium One to...
For all those BLR Holders, we could be in for some interesting events in regards to BLR's recent Letter Of Intent to J/V its Taylor & Uranium One's Hansen Projects, if all goes as expected.
It seems rumors of a takeover has recently started to surface on Uranium One.
British news papers are beginning to suggest that Eurasian Natural Resources Corporation (LSE: ENRC) is set to make a major acquisition and that it’s looking at Uranium One as the target.
ENRC(market cap of GBP 12.9 billion) is a global miner that produces aluminium, iron, manganese and coal in Kazakhstan, & it now seems apparent that Nuclear, namely Uranium Fuel Supply is about to become part of their agenda. __________________________________________________________________
Here's an extract
Eurasian Natural Resources Corporation is thought to be set to make a major acquisition. The blue-chip company came under the spotlight, partly as its largest shareholder and rival - Kazakh miner Kazakhmys - said yesterday it wants to hammer out an arrangement with ENRC that creates synergies.
However, traders speculated that ENRC is looking to construct its own merger. Rumours circulated that it is considering a bid for Uranium One - a Canadian-based uranium producing company, with projects in Kazakhstan, South Africa and the US.
Dealers said it would fit in with the Kazakhmys strategy of diversifying into different regions. The cash-rich miner has most recently broken into Brazil and China and it is thought that Kazakhmys would pay around C$2bn (£1bn) for Uranium One.
