Australian Uranium Explorers Under a Microscope from Haywood's Mustard

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Haywood Securities senior mining analyst Jim Mustard told delegates at the Australian Uranium Conference in the Perth port city of Fremantle that any Australian companies with only domestic uranium projects could be prime takeover targets, with North American companies the likely bidders.

Haywood Securities senior mining analyst Jim Mustard told delegates at the Australian Uranium Conference in the Perth port city of Fremantle that any Australian companies with only domestic uranium projects could be prime takeover targets, with North American companies the likely bidders.

Mustard said where some state governments maintained a ban on uranium projects the stymied companies were vulnerable to acquisitions by groups with longer term views of the Australian market, or where their investors had near-term views. (The indirect reference was to Western Australia and Queensland). Australian companies tended to lag behind their peers in countries such as Canada, United States and Africa...

He reminded the Australian audience that "overseas uranium projects in locations such as Namibia and Niger in Africa which -- along with US and Canada -- were more attractive for investors as they have a favourable regulatory environment where new mining projects could be placed into production with fewer roadblocks."

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