FP says Fission, others seen as likely targets
2011-12-12 07:42 ET - In the News
See In the News (C-FIS) Fission Energy Corp
The Financial Post reports in its Saturday, Dec. 10, edition that the uranium sector could be in for some consolidation. The Post's unbylined Taking Stock column reports that shortly after Rio Tinto took control of Hathor Exploration, Chinese nuclear giant China Guangdong Power Group made a friendly offer for Kalahari Minerals PLC, which owns 43 per cent of Toronto-listed Extract Resources ($9). There are plenty of other acquisition targets in Saskatchewan's Athabasca basin. With Rio Tinto showing it wants to be a player in the region, Dundee Capital Markets analyst David Talbot would not be surprised to see a few more deals. He identified Fission Energy (73 cents), UEX (62 cents), Forum Uranium (6.5 cents) and Pitchstone Exploration (10 cents) as logical candidates.