...and in the Australian business section this snippet, discussing the boom in merger & acquisitions (M&A) in the mining sector:
"...Paladin Energy jumped 6.3 per cent to $4.20 amid expectations that Australian uranium miners could be next in line for a burst of Chinese investment. The company said it was unaware of any unannounced information that could explain the rise.
"M&A is always good for the market," said UBS head of sales George Kanaan. "I believe (equity) markets are cheap and they will go up, but the market needs to stop worrying about global macro issues and start focusing on economic data and company earnings, which are continuing to improve."
Full article here: http://www.theaustralian.com.au/business/stocks-golden-touch-with-newcrest-bid/story-e6frg8zx-1225849074822
EXT Price at posting:
$7.90 Sentiment: Buy Disclosure: Held
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