Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Friday, June 15, 2007

Areva's Offer for UraMin

Here is a link to Areva's offer for Uramin:

  1. US$7.75 per share
  2. 100% cash offer
  3. Premium of 21% over UraMin 20-day average share price as of June 8, 2007
Do I think it's a low-ball bid?  Heck, yeah!

Let's see if the Chinese are going to make a bid.


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