Globe says Fission Energy could be Cameco's next target

September 2, 2011

Globe says Fission Energy could be Cameco's next target

Fission Energy Corp (C:FIS)
Shares Issued 100,735,805
Last Close 9/1/2011 $0.68
Friday September 02 2011 - In the News

Also Cameco Corp (C:CCO) In the News
Also Hathor Exploration Ltd (C:HAT) In the News

The Globe and Mail reports in its Friday, Sept. 2, edition that the uranium sector appears to be reignited again thanks to the $520-million hostile bid from Cameco ($22.75) for Hathor Exploration ($4.11), with shares in several uranium production and exploration firms rising since last week's announcement. The Globe's Darcy Keith writes in the Eye On Equities column that one of the biggest gainers has been Fission Energy (68 cents), rallying about 40 per cent since Aug. 24, amid speculation it could become the next takeover target in the sector. Versant Partners analyst Rob Chang says it is not a bad bet for investors to take, noting that Fission owns a majority interest in potential ore bodies adjoining Hathor's Roughrider deposit. Mr. Chang says, "It is our view that if Cameco is successful in its acquisition of Hathor Exploration's Roughrider deposit, the company will turn its attention towards the acquisition of Fission Energy as its shallower lying J-Zone and J-East zones would be the natural starting point along the path of mining uranium from the deeper Roughrider deposit." Mr. Chang has a $1.50 price target on Fission Energy, with a "buy (speculative)" rating.

CONFIDENTIALIT : Ce document est destin uniquement la personne ou l'entit qui il est adress. L'information apparaissant dans ce document est de nature lgalement privilgie et confidentielle. Si vous n'tes pas le destinataire vis ou la personne charge de le remettre son destinataire, vous tes, par la prsente, avis que toute lecture, usage, copie ou communication du contenu de ce document est strictement interdit. De plus, vous tes pri de communiquer avec l'expditeur sans dlai ou d'crire et de dtruire ce document immdiatement. CONFIDENTIALITY: This document is intended solely for the individual or entity to whom it is addressed. The information contained in this document is legally privileged and confidential. If you are not the intended recipient or the person responsible for delivering it to the intended recipient, you are hereby advised that you are strictly prohibited from reading, using, copying or disseminating the contents of this document. Please inform the sender immediately or write to and delete this document immediately.

© 2011 Canjex Publishing Ltd.

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 25585.70 0.75%
S&P 500 2826.06 0.14%
NASDAQ 7637.01 0.11%
TSX 16230.04 0.40%
TSX-V 607.68 0.00%

Resource Commodities

Name Last Change
Gold 1285.99 0.11%
Silver 14.59 0.14%
Copper 2.70 2.700
Platinum 901.00 0.67%
Oil 58.63 1.23%
Natural Gas 2.60 0.77%
Uranium 24.25 1.34%
Zinc 1.20 0