I think it is fair to say that we wont be a take over target...

I think it is fair to say that we wont be a take over target until some of the depth / grade potential of the U mineralisation has been tested via drilling. if it is promising then its game on!

rio tinto may be interested depending how their potential arrangement with extract goes. paladin will no doubt also keep a close eye on MLS. other potential suitors may include hanlong investments, areva and armz.

all have strong balance sheets and an appetite for growth by acquisition in the U sector. consolidation also makes sense in namibia (south - west africa) so the acquirer can capitalise on economies of scale.

take your pick! my money is (literally) on one of these companies either taking a strategic stake or making a take over offer within the next 12 mths.