It's certainly possible - here's an article I found from 2012:
https://www.australianmining.com.au/news/canadian-giant-eyes-paladin-energy-takeover/
Canada-based uranium giant Cameco could be eyeing a takeover of Australian uranium miner Paladin Energy, according to analysts.
"Should Cameco be on the acquisition path we believe Paladin will be firmly on its radar," Foster Stockbroking analysts said.
"[Paladin's] growth profile remains one of the most attractive in the uranium industry …"
"In addition the recent pull back in the share price and valuation provides an opportune time for any potential acquires to make a bid."
So I guess if they were going to make a move, it's getting close to the time. You won't see such a cheap valuation like this in 2017.
Ann: Sale of Non-Core Australian Exploration Assets, page-11
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