Uranium One Inc SXRZF

RE: Here is the answer.....look it up!!!

[wanne]

price action indicates uuu is the buyer imo... elicity Williams October 11, 2007 12:00am RIO Tinto is likely to sell its Kintyre uranium deposit in Western Australian for a "significant premium" amid strong local and international demand for the world-class asset, analysts say. BusinessDaily yesterday revealed in an exclusive report that Rio Tinto is in talks with a string of local players and several Canadian buyers about the sale of its Kintyre asset. International uranium giants Mega Uranium and Cameco have already signalled strong interest in the asset, the report said. RM Research head of resources research Guy Le Page said Mega Uranium and Cameco were "definitely" frontrunners to acquire Kintyre amid strong demand for the asset. "I would expect nothing short of a stampede," Mr Le Page told BusinessDaily. "Rio Tinto is likely to sell the asset for a significant premium." Local players said to be eyeing the Kintyre deposit include Paladin and Oxiana. Stock Resource independent analyst Peter Strachan said Rio Tinto may have decided to sell Kintyre because the WA Government's ban on uranium mining. "The Carpenter Government has said that it won't allow uranium mining and it's unlikely that there will be a change of government," he said. "Rio could well have decided that it would rather monetise the asset and let some other punter take the risk."