David Talbot Says Uranium Industry Is Doing Well

Dec. 13, 2011 03:29PM PST

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.