No, looks like Areva still want Summit - buying a big parcel of shares. Maybe there will be a bidding war between Areva and paladin - gee I wish I bought some SMM shares prior to all this.
As for SIM - they still have to drill the major targets in SA. Once it is obvious the reality lives up to the potential SIM will become a prime takeover target, and at prices following (or even eclipsing) those of MTN (note both companies have about 60 million shares.)
It is not too much of a stretch to see SIM trading at $5-$10 per share in twelve months if the three-mine policy is scrapped and drilling results are anywhere near as good as their neighbours.
SIM
scimitar resources limited
No, looks like Areva still want Summit - buying a big parcel of...
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