On Someone's Shopping List ?5 Jul 2010 02:28
Weakend quote - 'While Rio Tinto is not looking to access the capital markets in the short term, according to Elliott, the firm is looking to take advantage of opportunities provided by market volatility, with a particular focus on small and medium acquisitions. Elliott said: “You can find in a volatile environment an add-on acquisition that makes good sense to the company, where the synergies really exist. It is those sorts of acquisitions that we’re looking for at all times, and that is a very active process at the moment, but we’re not looking at large-scale acquisitions at the moment.” '
Rio Tinto's Tom Albanese is in Namibia in vicinity of Rossing South. They have been mining uranium at nearby Rossing North for past 30 years. Acquisition of nearby uranium deposits with the top grade assay results the Rossing South reflects would make sense. 100% synergy! Also read that Russians are in Namibia with up to $2 billion to spend on purchase of uranium deposit in country to provide the fuel for nuclear power plants being built on shores of Black Sea. Suggest KAH is due a re-rating in near future.