GREY:STHJF - Post by User
Post by
metylman2000on Jan 18, 2010 6:33am
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Post# 16689518
found this quite interesting...
found this quite interesting...I pulled this off public records...
On July 23, 2009, Strathmore CEO David Miller sent the following inquiry to U.S. Senator John Barrasso
" [...]We are contemplating working with a Chinesecompany and have a few questions. [...]Are there any restrictions for a Chinese company to own part of anAmerican corporation that operates a uranium mine and/or uranium mill?Additionally, Strathmore is interested in selling US origin uranium toChina and wondered if there were any restrictions [...]"
Looks like a possibility has been raised by Miller of Sumitomo buying a chunk of Strathmore in return for guaranteed supply contracts. Would be quite interesting if this happens.
This would be similar to KOPEC buying the stake in Dennison. I'm thinking Asia is seeing a supply/demand imbalance down the road if they are trying to lock up supply now in a period where uranium has tanked.