sounds great for omc
This should be very good for OMC as well.
1059 [Dow Jones] Australian uranium companies jump after Canada's Cameco (CCJ) reported rock fall to flood Cigar Lake project, where production startup previously planned for early 2008, likely delayed. CCJ says "adequately positioned" to meet contractual obligations, but startup delay will further cut supply to already tight global market. Existing, new producers could benefit. In Australia, Energy Resources of Australia (ERA.AU) jumps 7.6% to A$15.55, while Paladin (PDN.AU), now commissioning Langer Heinrich mine in Namibia, surges 11% to A$5.43 on heavy turnover of 2.1 million shares. (RCB)
OMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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