Most of us could have guessed that Areva, the French nuclear energy group were the likely predator as they own around 5% of UraMin Incorporated.

However we now know that UraMin are not just talking to Areva but there are others in the shadows. A few weeks ago we alluded to the Chinese who were getting ‘closer’ to UraMin Incorporated which may have forced Areva into the take over arena. If the Chinese are still interested then its ringside seats for fight of the week: France verses China! Just assumptions on our part!

We also need to be aware that there could be others waiting in the wings about to pounce, so this situation could develop into a three way fight for possession of UraMin.

Finally, one of these companies is going to come second and gain nothing, but we now know that they are actively looking for a supply of uranium. The question is: Who is likely to be the next take over target?

Should keep the rumour mill active if nothing else.