GREY:SXRZF - Post by User
Post by
nuveux13on Jan 14, 2013 5:54am
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Post# 20833051
Do NOT accept ARMZ offer $2.86 -- Target $5.03
Do NOT accept ARMZ offer $2.86 -- Target $5.03 https://www.bloomberg.com/news/2013-01-14/russia-s-armz-to-buy-balance-of-uranium-one-for-c-1-3-billion.html
ARMZ aims to build a company covering the full nuclear cycle, from mining uranium to building reactors, said Leila Kulbayeva, mining and industrials research director at Viso Capital in Almaty, Kazakhstan. ARMZ may be seeking to gain from reduced uranium prices following the Fukushima nuclear disaster, and its offer for Uranium One is low, she said.
“We are confident that the company will be able to deliver sound production growth and continue enjoying one of the lowest costs of uranium production in the world,” Kulbayeva said in an e-mailed response to questions. “Our target price is C$5.03 per share and we do not recommend shareholders accept the offer.”