RE:RE:RE:RE:Cameco Shares Better Than Cash?
My take on it is that the CRA will win since the transactions were clearly not arms length. The shelf prospectus therefore is to avoid having to dig into the credit facility to deeply. If CCO were interested here it would have to be an all share deal. But with three undeveloped orebodies already (Millennium, Kintyre and Yeelirre) in the portfolio and some decisions to make at Rabbit Lake (plenty of ore left but no tailings pond capacity), this would purely be a bolt on, 2025 type development affair picked up at an opportunistic price. If Areva sorts out their financial problems they may be interested but I suspect someone like China Guangdong will come along beforehand.