Friday, December 18, 2009 4:01:58 PM
Paladin Energy Ltd (C-PDN) - In the News
NP says rumour has Cameco eyeing Paladin
2009-12-10 09:41 ET - In the News
Shares issued 715,584,427
PDN Close 2009-12-09 C$ 3.80
From In the News (C-CCO) Cameco Corp
The National Post reports in its Thursday, Dec. 10, edition that Cameco's sale of its 48.5-per-cent interest in Centerra Gold has the Street speculating about what the uranium giant's next move will be. The Post's Jonathan Ratner writes that analysts suggest an acquisition is the most likely course of action. The Centerra sale means Cameco will likely look to buy a uranium producer as it seeks to strengthen its production profile, according to Rob Chang at Octagon Capital. At $2.8-billion in market market capitalization, Paladin Energy has long been a rumoured candidate. The analyst told clients that the Australian-based uranium company, whose shares trade on the Toronto Stock Exchange, is one of the better-run producers, offers arguably the best production growth profile and has no major strategic shareholders. Cameco wants to double its annual uranium output from existing operations by 2018. Cameco chief executive Jerry Grandey, who has highlighted Paladin as an attractive takeover candidate, in November suggested that Cameco will consider acquisitions and joint ventures with customers in Asia.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM