The CEO of ARMZ, the Russian government uranium company, mentioned today that Uranium 1/ARMZ is looking at acquisitions in Africa. South Africa? too small. Niger? too politically challenged and early stage. Malawi? not uranium elephant country. Botswana ? same as Malawi. DRC? a mess. Zambia? too low grade. So it would seem as if Namibia is where UUU/ARMZ is looking at Nambia, which is confirmed by the May 2010 agreement between Russia and Namibia.
Upon further reading, the CEO of ARMZ said he is creating an executive post at Uranium 1 that will focus on M&A.
In addition, the CEO said he plans on making Uranium 1 the world biggest producer of uranium in 5 years. Uranium 1 is now the 5th largest uranium producer after the recent transaction.
All the above is in the public domain.
What does this mean? Seeing UUU sold out of PDN, there are only a few other Namibian deposits to buy. Deep Yellow, Bannerman, ERA, and of course EXT.
Which one of these potential acquisition would propel UUU/ARMZ to the top #1 uranium producer status?
Cait
EXT Price at posting:
$6.83 Sentiment: None Disclosure: Not Held
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