Uramin Share Discussion Threads

[nabcom] 12/6/2007 08:36

If it did turn out to be Areva and there is no cash offer, what would our options be in terms of trading?

[papillon] 12/6/2007 08:34

My prediction of a bidding war could bear fruit. UMN is an extremely desirable asset. I feel it could go for near, or even over, £5 per share.

[sandbank] 12/6/2007 08:26

ASH999: Sorry if I've offended you, but we can't all be plutocrats. I could only afford to buy 3 shares.
...And the annual report is fuel for the brazier we keep burning here under the railway arches.

[sagem] 12/6/2007 08:24

ash999 -Its a secret code used by market makers, they use low share deals to signal secret deals for likes of us not to know.

[sir josephs mate] 12/6/2007 08:12

to qualify to be a receiver of shareholder docs documents!

[gardenarc] 12/6/2007 08:12

Cos there are lots of nutters about ash.

[ash999] 12/6/2007 08:09

Why did someone buy only 3 shares?

[sagem] 12/6/2007 06:02

Not forgetting BHP BILLITON who are awash with cash.

[goldrush] 12/6/2007 01:43

We will find out soon....CNNC v AREVA....and maybe someone else will throw their hat into the ring....probably wishful thinking on my part but you never know....IMHO.

[liam1om] 12/6/2007 00:38

UraMin: Talks With 1 Potential Buyer At Very Advanced Stage
310 words
11 June 2007
17:16
Dow Jones International News
English
(c) 2007 Dow Jones & Company, Inc.
OTTAWA (Dow Jones)--Africa-focused uranium miner UraMin Inc. (UMN.LN) said Monday it is at a "very advanced stage" of discussions with a potential buyer of the company, which senior officials have previously indicated as China National Nuclear Corp.

UraMin spokesman Steve Vaughan said, "There are a number of companies that have approached us, and we are dealing with one very seriously."

Vaughan declined to comment on the identity of this company.

Last month, a UraMin official speaking on condition of anonymity said discussions with CNNC had been taking place for a year, but didn't specify whether they involved a takeover or long-term uranium supply deals.

Liu Xuehong, deputy general manager of CNNC's unit specializing in uranium procurement, confirmed at the time that the two companies were in talks but said it was too early to tell whether they would lead to an offer for UraMin.

Vaughan couldn't give an estimated date for concluding the negotiations, but said, "the talks are well well advanced, and hopefully we're working through the process."

He added that it wasn't guaranteed that the talks would end with a sale of the company.

UraMin has yet to commit any output from its mines in Namibia, the Central African Republic and South Africa, making it an attractive target for firms in need of uranium supplies.

Production at its biggest project - Trekkopje in Namibia - is due to begin next year, and annual volumes from the mine are forecast to reach around 10 million pounds by 2010, a tenth of current global production.



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[logica2me] 12/6/2007 00:23

This current price is far too cheap, considering the bid potentially at due diligence stage. I expect to get past £4 pretty quickly.

[liam1om] 12/6/2007 00:07

Well in Canada it closed at 7.75 which is equivalent to 3.71 here. So thats where I would expect us to be tomorrow.

[malkie] 11/6/2007 23:56

papillon - looks like we will find out pretty soon either way!

Still feel the Chinese are somewhere in the loop, if not they will have to look elsewhere so the sector could take off again.

Global bidding war is always possible, but I just cant see it - it would just be too nutty!!

Looks like we will gap up in the morning!

[logica2me] 11/6/2007 23:52

Pocket money to buy UMN, in the scheme of things!

[mikkydhu] 11/6/2007 23:22

Areva: 58,000 employees
10 billion Euro sales
83 production sites in over 40 countries
prob. 500 million Euros in cash

Very big. I'm sure they could find the cash if they wanted to. But no idea if that's the way it'll turn out.

[logica2me] 11/6/2007 22:58

How would that work then? Do we know if they are cash rich?

I don't particularly want Areva shares.... prefer £5 a share cash please!

[mikkydhu] 11/6/2007 21:28

Closed in Canada just 6 cents off the high of the day and all time high for an 11.5% rise.

[mad jack mcmad] 11/6/2007 19:50

Not exactly motoring:

[papillon] 11/6/2007 19:47

Started to ptck up again in Canada.

[papillon] 11/6/2007 19:07

globeinvestor.com have an article about bid. They reckon bidder could be AREVA, possibly with a partner; Chinese partner?

[goldrush] 11/6/2007 18:50

I too hold lots of GLA so feeling happy tonight.Off for a beer to celebrate see you all tomorrow.

[papillon] 11/6/2007 18:38

I've been invested in UMN for around a year and, along with many others, have long suspected that UMN would lose its independence before it started mining. I don't believe SXR Uranium One will be a bidder having recently bid for Energy Metals and only recently swallowed UrAsia. I'm sure that the major mining conglomerates are potential bidders. goldrush, I do hold GLA. Looks like it a UMN bid will be very good news for GLA..