LUNDIN FAMILY to buy out PLS deposit?I think Denison is the most likely takeover candidate, here's why: T
he Lundin family has the money: Lukas Lundin of DML has the ability to buy out FCU/AMW—note these facts: "Lukas Lundin has a deeper involvement in global oil exploration and mining than most investors. He helps oversee more than 10 companies in those industries, saying his participation has been key to creating their $25 billion in value, including proceeds from asset sales".
Quote from Article:
Tommy Humphreys-- "Lundin Group Chairman Lukas Lundin
told me in May he was impressed with PLS, and that Denison is looking to expand in the Athabasca Basin.
While
impressive results are coming out of Denison’s Wheeler River project, the company likely regrets not buying Fission’s 50% interest in PLS as part of a partial takeover of the Fission predecessor last winter. PLS could add life to the Denison story, whose shares last traded at $1.37, down from over $15 in 2006 and 2007."
Rio Tinoto is of course interested: I rate takeover candidates this way 1) Denison, 2) Rio Tinto, 3) Cameco
Cameco is very interested, to be sure, but they are slow and most likely want a resource estimate before making a move...or they will offer a low-ball offer that will be rejected.
What do you think?