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micham2012

09/19/06 9:44 AM

#7771 RE: micham2012 #7687

re Uranium:

It appears that the weekly spot price for uranium reported by UxC is up another $1.25/lb. to $53.25. This price will be posted on the UxC website after the close today.

In an interesting development, DEN.TO and IUC.TO have announced an intention to merge:

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060918:MTFH36180_2...

This is a merger of equals, but it seems pretty clear that in the coming months (years?) there will be many mergers and acquisitions in this sector.

Steve