Article from Pescod.....takeover ?UR-ENERGY INC. (T-URE) $0.92 +0.07
UR-Energy has been picking up on its price over the last
while on huge volume, helped by uranium prices that look
like they have bottomed and are heading up and more
takeover talk that URE will be object of someone big over
the next while as its Lost Creek uranium deposit in Wyoming
expected to be a 2 million pound in situ uranium
processing facility, gets ever closer to actual construction.
We notice that some analysts have recently downgraded
their targets on the stock because of concerns
that those projects might be delayed somewhat.
But as Macquarie lowers their target from $1.70 to
$1.60 and GMP from $2.00 to $1.80—that still means this
could be close to a double, should they be correct.
If there is a takeover, it would be that much quicker.
Yesterday, Canaccord’s Eric Zaunscherb picked Hathor
and UR-Energy as his two top picks.