Friday, May 18, 2007

Consolidation in the Uranium Space?

I have barely started to study this industry when we already have a potential buyout.
Energy Metals Corporation (Toronto:EMC.TO - News)(NYSE
Arca:EMU) announces that it is in exclusive negotiations with respect to a
potential sale of the company. No assurance can be given that the negotiations
will be successful.

That is one way for the big boys to grow when Uranium prices are near an all time high. Whoever the potential suitor for Energy Metals might be, it made the stock pop 18% today.

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