Clearly, the market cannot decide at this stage whether Uran will acquire Rozna or not.
If you believe Uran then you should feel confident that sooner or later (and hopefully before 30 June 2007 Uran should have an answer.
Uran has made their submission to the Czech Authorities regarding their interest. That is, to participate in the mining of the current reserves and any future reserves, IF Diamo discovers additional reserves beyond the current level.
It is common knowledge that Diamo cannot carry out driiling beyond the current depth without upgrading the mine. In other words, Diamo is not allowed under EU law inject any capital for any upgrades.
We also know that the Czech government has assured Uran that Uran is the preferred partner should the government approve extension of the mine beyond 2008.
Given that the government has recently passed a resolution to extend the mining life for an indefinite period, surely Uran should be in the hot seat at the moment.
Do your own research.
This should now be a buy, hold and look away stock.
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