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Gold/Mining/Energy : Uranium Stocks
URNM 55.16-2.8%Dec 15 4:00 PM EST
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To: TrueScouse who wrote (10194)4/11/2007 12:48:13 AM
From: Anchan  Read Replies (1) of 30219
 
True Scouse, you wrote "I spoke with the RSC management at the recent PDAC and learned that they'd been approached by Areva to initiate discussions. Areva's concerned about how to replace their share of the lost 2008/2009 production from Cigar Lake."

I continue to hold my RSC. Regarding Areva's efforts to secure U supply: today, Areva bought big into Summit (SMM.AX; see my other posting for details). So, on the one hand, Areva has got its fix from Summit now (though SMM's production will be from 2010 at the earliest); on the other hand, Areva may well come back to RSC.V for more yellow fuel.
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