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``The bid from Paladin was a necessary response if they were going to have any chance of getting there,'' said Warwick Grigor, managing director of Far East Capital Ltd. in Sydney. ``The most important thing to consider for a Summit shareholder is that this bull market in uranium stocks is only just beginning, and Paladin is not wanting to make a takeover bid for Summit because it's expensive, they want to buy it because it's cheap.''
``The question then is which stock is going to perform better, Paladin or Summit?'' Grigor said. ``You might be tempted to say there's greater leverage with Summit.''