Thanks MoneyHound for the Link...

Thanks MoneyHound for the Link :)

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Lehmans Currently Hold 500,000 Lbs Of Uranium.
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The extract highlighted below, is supportive to the fact that Utilities have been sitting back, ready to pounce on this 500,000 Lbs of material, but as the article states, Lehmans will not be dumping onto Market but instead selling over a period of 2+Years.


Testing the Market
Lehman "tested" the uranium market after its bankruptcy filing in an effort to raise cash, pulling back after it did because "everyone was low balling," Marsal said. With $10 billion in the till today from other asset sales, Lehman isn’t in a hurry any longer to sell uranium, he said.

"We plan on gradually selling this material over the next two years," he said. "We are not dumping this on the market and have no fire-sale mentality."

Lehman’s bankruptcy forced it to liquidate assets to pay creditors. Some $400 billion out of $639 billion in assets were offset by matching liabilities, Marsal said.

The bank raised a quick $1.75 billion in September by selling its North American brokerage and real estate to Barclays Plc. It later got the London-based bank to return thousands of Lehman-logoed knickknacks that also will be sold to pay creditors, the bank said. They include tote bags, umbrellas, stress balls, Tiffany paperweights and other items now stored in closets and warehouses from New York to Chicago.
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