Excellent...

Excellent news!

http://www.proactiveinvestors.co.uk/companies/news/67343/forte-energy-to-expand-portfolio-with-acquisition-of-slovakian-uranium-assets-67343.html

European Uranium Resources just being bought for $9.4m for 28.5m pound uranium by Forte Energy

WHE is holding 68m pound uranium plus 60-90m exploration potential!!

Our market cap for our uranium asset which is more than double in size is $3.7m!

This deal just shows how cheap Wildhorse Energy is...

Reminder, here what I posted about EEU weeks ago..

European Uranium Resources EEU:CN

JV with Slovak Gov
Uranium indicated resource 28.5 million pound
Partnership with french major AREVA
Market cap $7.6m, pre-deal

FTE, which also have AREVA as a major shareholder,
pays $9.6m for the take over!


Wildhorse Energy

JV with Hungarian Gov
Uranium indicated resource 68 million pound + 60-90n exploration pot.
Partnership with ?? (active discussions)
Market cap Uranium only $3.7m!!

($7.7m with $4m stake in Linc)

WHE is way undervalued compared to its european peers.
Major catalyst is going to be major uranium partnership deal announcement near term. AREVA?

http://bit.ly/1fsNAF5
Hungary $10bn Russian Nuclear Deal
"They say the project was never tendered for competitive bids despite an earlier expression of interest from the French energy company Areva."

AREVA with a €7,3 Billion Market Cap has stakes in Forte and EUU and an increasing need for Uranium.

I wonder if AREVA is interested in taking over WHE Uranium asset as well, considering they wanted to bid for the reactors in Hungary.
WHE's uranium asset is more than double in size of their Slovakian uranium asset plus additional 60m - 90m exploration potential in Central Europe.

A partnership or take over would give AREVA a controlling stake in the largest uranium project in Europe.

WHE most undervalued Uranium stock on ASX
Closed up +6.5% in London at 1.25p ~ 2.25c

GLA

P.S.
I predicted the Linc Energy deal many months ago...will I be right again?
Time will tell... ;)