SXR Uranium One:
SXR Uranium one announced a take over deal for UrAsia which sees SRX buying all of UrAsia in a share exchange where each share of UrAsia will be exchanged for 0.45 shares of Uranium One. This deal values UrAsia shares at $7.05 a 21% premium to the average trading price in over the past three weeks.
The deal vaults Uranium One up in the tier of senior producer with capacity of 7 million pounds of uranium annually. The combined company will have proven and probable reserves of 49 million pounds and total proven, probable, indicated and inferred reserves of approximately 389 million pounds of uranium.
The price of uranium has moved dramatically higher over the past three years from around $10.00 a pound to $75.00 a pound currently. The increase in demand due to new nuclear facilities coming on stream will maintain upward pressure on the price of uranium, while the addition of new supply has been slow to come to the market. The time frame to bring a new mine into production tends to be about 10 years, companies that are on the verge of bringing in a new mine or expanding production from an existing operation have an excellent opportunity for earning growth.
This merger positions SXR Uranium One as one of the larger uranium producers in the world and creates a opportunity for growth in a uranium market that is the best in decades.
For more information go to www.campbellreport.com
The deal vaults Uranium One up in the tier of senior producer with capacity of 7 million pounds of uranium annually. The combined company will have proven and probable reserves of 49 million pounds and total proven, probable, indicated and inferred reserves of approximately 389 million pounds of uranium.
The price of uranium has moved dramatically higher over the past three years from around $10.00 a pound to $75.00 a pound currently. The increase in demand due to new nuclear facilities coming on stream will maintain upward pressure on the price of uranium, while the addition of new supply has been slow to come to the market. The time frame to bring a new mine into production tends to be about 10 years, companies that are on the verge of bringing in a new mine or expanding production from an existing operation have an excellent opportunity for earning growth.
This merger positions SXR Uranium One as one of the larger uranium producers in the world and creates a opportunity for growth in a uranium market that is the best in decades.
For more information go to www.campbellreport.com
posted by Grant | 2:49 PM
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