ARH australasian resources limited
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TALBOT, CHINESE BACK NEW URANIUM PLAY NEW uranium float Southern...

  1. terryl
    2,950 Posts.
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    21/02/07
    10:02
    Post #: 2212265
    TALBOT, CHINESE BACK NEW URANIUM PLAY

    NEW uranium float Southern Uranium (SNU when listed) has got its $14 million initial public offering off to a good start with a $4 million cornerstone investment. The money is coming from Citic, one of China's largest state-owned enterprises, and Talbot Group, the private company controlled by Queensland millionaire Ken Talbot.

    Southern Uranium is a spin-off from listed Southern Gold (SAU) and is going to the market with 10,000sq km of exploration licences in the Gawler Craton of South Australia. Southern Gold shareholders are getting a priority offer, while the public offering closes on March 16.
    ARH Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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