RE:RE:RE:RE:RE:RE:RE:RE:RE:NexGen is VERY SpecialI have seen formal, joint bids for a takeover in the energy sector, and done with a foreign partner (ie. Imperial Oil and Exxon joint purchase of Celtic), so there is no reason why Cameco couldn't partner on a bid with other parties (ie. Areva? Chinese entity?). I don't like the idea from a NXE shareholder perspective because it reduces the probability of competitiive bidding for control of the deposit once NXE is put into play.
I agree buying NXE should cost a lot more than a billion. If so, Cameco can't do it alone, unless they are prepared to use paper in whole or part. On a 100% basis, I believe NXE is an opportunity for Cameco to double its world wide reserves, an in a much simpler geological and mining setting than uncomformity style deposits like Cigar or McArthur. An offer is a matter of when, not if.
oscarwilde wrote: They, whoever they are, are going to need a lot more than $1Billion. Also, I'm not sure of the legality of joint bids (effectively collusion) and there is the complexity of foreign ownership. Cameco are allowed to own Kintyre in Australia why can't Rio own Arrow in Canada? might just swing it if Cameco does not have the fire-power or the balls.
Or a NXE/Rio or NXE/Areva NewCo might do it.
I'm not a lawyer, just wondering.