Nothing really new that we don't know about. Just some more reading material. I think there won't be any news coming out until Auzzie's elections are over and depends who wins, just one persons opinion. I hope it works in our favour.

http://business.smh.com.au/business/...

Paladin in the frame

The cashed-up Canadian uranium miner Cameco has made it clear it is looking for acquisitions in the $C1 billion to $C2 billion range following a recent $US460 million equity raising.

In the local market, Paladin Energy would fit the bill - it has a market value of about $2 billion. The only other uranium miner in production, the Rio-controlled Energy Resources of Australia, is worth $3.8 billion, and the parent company would appear to be a reluctant seller, although it may become more willing if its Chinalco deal was cancelled.

The Canadian-listed Uranium One is the only other uranium miner in the Western world that would fit Cameco's criteria.

JP Morgan and Macquarie Equities both named Paladin a likely target for Cameco yesterday. Speculation of a Cameco bid for Paladin is not new, but asset values are now a lot cheaper, and the Canadian miner is more willing to pounce.

Paladin shares rose 32c, or 10 per cent, to $3.48 yesterday.