More info.June 28/08 article in Australian Business
Uranium powering ahead
URANIUM stocks are back in favour, or at least some of them. John Borshoff's Paladin was a standout this week with a 17.8 per cent increase to push its market capitalisation just shy of $4 billion.
To put it another way, this resource-rich and cash-poor uranium stock is now valued more highly by the market than Lend Lease.
What caught some eyes was the emergence on the Paladin share register of GE Asset Management with a 5 per cent stake .
Now GE, of course, is big in the nuclear power station market and has a joint venture with Hitachi looking to develop better uranium enrichment technology.
Earlier this week Canadian giant Cameco pumped $US123.8 million ($129 million) into the joint venture which is aimed at making GE, and maybe Cameco, a one-stop uranium shop.
Cameco is often rumoured as a potential bidder for Paladin.
The chances of adding one and one and getting five are high, but this is a space to watch.
https://www.theaustralian.news.com.au/story/0,,23933800-30538,00.html