(Reuters) - The sector is flush with cash but short on geologists, drill crews and regulatory staff -- the key ingredients to transform prospects to production.
"It's like when you drive on the highway and it gets crowded. It slows up because the slowest guy keeps it slower than you want it to be," said Denison Chief Executive Peter Farmer. "We're into a logjam right now."
Read more at Reuters.com Business News
Showing posts with label Denison Mines Corp.. Show all posts
Showing posts with label Denison Mines Corp.. Show all posts
Tuesday, March 27, 2007
Monday, March 26, 2007
Denison sweetens buyout bid for OmegaCorp
(Reuters) - Mid-tier Canadian uranium miner Denison Mines Corp. sweetened its buyout offer on Monday for the shares it doesn't already own in Australia's OmegaCorp Ltd. and said this was its "final offer".
The all-cash bid, which has already been approved by Omega's board, has been raised to A$1.15 per share from A$1.10. Denison currently holds about 31.5 percent of OmegaCorp's outstanding shares.
Read more at Reuters Africa
The all-cash bid, which has already been approved by Omega's board, has been raised to A$1.15 per share from A$1.10. Denison currently holds about 31.5 percent of OmegaCorp's outstanding shares.
Read more at Reuters Africa
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