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Uranium giant Cameco's (CCJ) planned effort to raise as much as $1B through a combination of...

Uranium giant Cameco's (CCJ) planned effort to raise as much as $1B through a combination of securities may signal an upcoming acquisition, BMO Capital suggests, citing falling uranium equity valuations in recent weeks and CCJ's ample funding capability. Potential targets: Paladin Energy (PALAF.PK), Denison Mines (DNN), UEX Corp. (UEXCF.PK)
Comments (2)
  • This is Great news Cameco is on the Hunt ! I think Denison is in it's sights with the nearness of all claims and mines in Athabasca,, Now cameco should take off in price !
    23 May 2012, 09:47 AM Reply Like
  • Cameco owns about 25 Million Shares of UEX, which controls about 49% of mining claims in Athabasca. UEX also removed the share holders rights (review take over offers) so this may be CCO chance to have total control of a key Athabasca deposits. Uex trades @ .52 CDN. which is no where it's pre Japan disaster, of $1.90 CDN. Great move head off Rio Tinto and Bhp
    23 May 2012, 11:26 AM Reply Like
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