The faint stirrings of interest in the uranium sector are preliminary to be detected in the wake of the Japanese earthquake and tsunami, which set the scene for the most horrible atomic disaster since Chernobyl.
The tragic event prompted a rethink of nuclear policy worldwide, by means of Germany at the vanguard and sent the price of the fuel plummeting, bring the valuations of the companies mining uranium down with it.
Against this backdrop the world’s largest producer, Cameco Corp (TSE:CCO, NYSE:CCJ), is looking to close what seems to be a smart piece of business it have gone hostile with its US$530 million bid for Hathor Exploration (CVE:HAT), which own the Roughrider deposit in Canada’s Athabasca Basin.
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