RE:Cameco tax news
Yes indeed.. I am sure CCO has a contingency plan for paying the tax bill...perhaps a line of credit or some other financial instrument. Now that is released to do useful work and that may well include acquisitions. I would suggest Denison and NXE are prime targets in the region. It is also worth noting that Tim Gitzel and the Premier of Saskatchwan visited China a couple of weeks ago. With the huge number of existing and new reactors China will need much more than Husab and their 25% stake in Langer Heinrich to keep them operating for 60 to 80 years. So I am sure that CCO will be looking for more resources besides Cigar and McArthur River. It will be interesting to see how this all pans out.
Malcolm