Gold One wants Rand Uranium for USD 250m

Mineweb (Editorial) reports Gold One (ASX:GDO) reports a friendly bid for 100% of Rand Uranium.

The editorial is quoted as saying:

Given the nuclear accidents occasioned by the recent tsunami in Japan, this is hardly an auspicious time for uranium deals. Seen among global listed mining counters, uranium (along with platinum) stocks are the worst price performers over the past 12 months.

John Munro, CEO of Rand Uranium, said in a prepared statement that: “This is a good offer and enjoys the support of our shareholders. The current conditions in the uranium market have made the standalone financing and development of our company’s uranium project challenging in the near term”.

Click here to access the entire editorial.