In light of the GFC many struggling Uranium explorers (ones with...

In light of the GFC many struggling Uranium explorers (ones with no cash) have put up the for sale sign on some very attractive real estate both in Australia and abroad. Needless to say the prices are a fraction of what they were worth in the 2007 uranium boom.

I think Norms comments relate to this, as I am sure many AXY holders have pondered over the last 6 months with a big war chest burning a hole in our collective pockets.

I think AXY would be looking at various "company making assets" that are at bargain basement prices. Dont know if they have anything specific in mind yet but I am sure we will find out soon enough.

I think alot of the recent price spike is due to the fact that the stock is extremely tightly held and way too cheap based on the potential of said war chest