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Business Insider reported an interview with David Talbot who says uranium prices could increase.
Business Insider reported an interview with David Talbot who says uranium prices could increase.
David Talbot said:
I don’t think there is necessarily consolidation for its own sake. I think that there are some companies that are just so undervalued that larger companies that want to get into certain areas may jump at these opportunities. Hathor Exploration Ltd. (HAT:TSX.V) ended up being taken by Rio Tinto (RIO:NYSE; RIO:ASX; Not Rated) at almost an 80% premium to where it was trading before. The initial Cameco Corp. (CCO:TSX; CCJ:NYSE; Not Rated) offer of $3.75/share was certainly opportunistic. I’m not surprised at all that Cameco didn’t win the bid at that level.
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