Remember the buyer is a Chinese state-owned company. China is building lots of nuclear plants. It makes sense for them to secure the Uranium resources. Air pollution in China is too big a problem.
I remembered when the Russian company buy the first 49% of Uranium One, the shorters takes advantage of the uncertainty and push down UUU for 40% in the next 10 days. After one month, it recovered more than the drop. The shorters are really crazy. Two years later, Russian purchased the whole company.
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3 | 22184 | 11.010 |
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