UraMin Incorporated and Red Dragon Resources Corporation have announced that their joint venture winter drilling programme on the Rea Uranium Project in Alberta is encouraging.
While this is nice to hear its not the point!
The point is that UraMin have dangled another possible lucrative carrot in front of their uranium hungry predators. This in our view is part of a well-orchestrated strategy designed to maximise the take over price. There is nothing like a little more tantalising news to encourage the predator to increase their bid.
As shareholders we are enjoying every minute of this Merger and Acquisition activity and look forward to a much higher price for this uranium miner.