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Old 01-29-2015, 02:19 PM   Nav to Top  #1
the old trout
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Money European Uranium Resources

You need to check this one out very quickly if you want to make some easy gains. It has a high grade uranium resource in Slovakia, where it is partnered by a UK listed company Forte Energy (FTE). FTE has recently announced a significant upgrade to the resource under the JORC code: 403 Forbidden

FTE's stock price has soared in the last few months and today it announced that "The Company has been actively looking at other opportunities for acquisition in the Uranium sector that will provide synergies with its existing assets. The Company has identified certain assets that it believes would fit those criteria and is pursuing talks and negotiations with the relevant parties and will advise shareholders of progress." 403 Forbidden

Now personally I can't think of anything which would provide more synergy for FTE than acquisition of EUU or at least it's 50% share of the Slovakian JV. It currently has a market cap of only $1.3m, trading at all time lows, and is completely off the radar as unlike FTE it has not bothered to update the market on the resource upgrade, which to me confirms that it is in discussions. Given the low capitalisation there has to be a very substantial bid premium here imho so probably the easiest money you will ever make if you can move before the market cottons on.
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