Q: Is FCU a buy for a uranium play ? It is cheap RAK
5i Research Answer:
Paladin Energy is in the process of acquiring FCU, but there is some concern the deal is not going to be approved. The stock has fallen sharply on the news. It is interesting, but we do not like these scenarios where a company's fortunes depend on a third party (the government). We would not endorse it currently due to the uncertainty.