RE: Dumbest move I ever seenYou may want to look into the story of Peter Munk. I can assure you that it is far more checkered than the one to which you refer and he did not seem to do too badly creating the gold giant Barrick (ABX).
The strategy of Mega to accumulate rich, low cost properties is a very good one if you believe uranium will continue to rise in price into the future. A buy-out is inevitable -- the only question is how much.