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QUOTE (wolverine @ Friday 15/09/06 01:20pm)

all helps though wolv. increases appeal for a t/o, as they will have other ground to mine once they have exhausted Bigrlyi in 10 or 20 years. Legislation should be sorted out by then imo http://www.sharescene.com/html/emoticons/cool.gif

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Might have a new name on the register sooner then we think!


Denison Mines shares jump on report of takeover talks

Talking to rivals, CEO confirms


Says time is right for consolidation

Sep. 16, 2006. 01:00 AM





VANCOUVERÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâہ¡ÃƒÆ’‚ÂÂThe time has come for consolidation in Canada's uranium industry and Denison Mines Inc. wants to play a role, its chief executive said yesterday.


There are economies of scale and synergies to be had if the deal is right, Peter Farmer said in an interview. "An interest in one area is riskier than an interest in three or four," he said.


"We've got a good base and expanding upon it if you can get value is a good thing to do."


Though Farmer declined to name names, he said Denison is in talks regarding a possible deal, but said he had nothing to report just now.


Denison Mines has a 22.5 per cent interest in McClean Lake in northern Saskatchewan and a 25.17 per cent interest in the Midwest uranium project. Its shares jumped 9 per cent, or $1.40, to $16.80 in Toronto yesterday on the speculation it might be taken over.


A report has suggested International Uranium Corp. and SXR Uranium One Inc. have had talks about acquiring Denison.


A spokeswoman for International Uranium declined to comment yesterday.


A spokesman for SXR Uranium One would not comment specifically on Denison, but said the company is interested in acquiring uranium assets in the developed world.


"If an opportunity presents itself you can be sure we'll take a look at it, but it would have to be weighed up against our disciplined acquisition criteria, and if it (adds) value ... and meets our strategic objectives, we'll pursue it," SXR Uranium One spokesman Chris Sattler said.


Canada's mining industry has seen a rash of consolidation in the past year with the recent sale of Falconbridge Ltd. to a foreign company as well as Barrick Gold Corp.'s purchase of Placer Dome.


Goldcorp Inc. has also made several moves in recent years to grow into the latest senior gold producer.


Teck Cominco Ltd. could be a player in consolidation within the uranium industry as well.


After failing in its bid to buy Inco and still flush with cash, the Vancouver-based miner has said it is looking at a number of smaller possible deals.


The 800-pound gorilla in the Canadian uranium market is Cameco Corp., the world's largest uranium miner responsible for about 20 per cent of the uranium mined in the world.


The Saskatoon-based company had $460 million and $750 million in credit facilities at the end of its latest quarter. However, Research Capital analyst Brian Mok suggested in a recent research report that Cameco may be limited in its ability to make acquisitions of new mines due to ``antitrust issues.''

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In reply to: wolverine on Monday 18/09/06 12:04pm

taking over JRL would give them a 40% stake at a discount in EME! not a bad start if they did that...

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In reply to: wolverine on Monday 18/09/06 01:00pm

nah i doubt it too, but would be a great way to get decent chunk of EME.


lets say JRL got bid for even as high as $1 per share, the suitor would only be paying for the EME holdings. they could then spin the other assets JRL has off in a new listing and put some money back in their pockets. with JRL at 60c LD would have to consider a bid of that price or even less for his shareholders. would be a great way to get nearly a controlling stake in EME.


just a thought

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In reply to: wolverine on Monday 18/09/06 01:06pm

$1 is no chance of LD selling cause its to cheap, or there is no chance of someone bidding $1?? be clearer pls wolv.

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