China begins a stealth uranium buying spree!

Since the nuclear disaster of Fukushima Daiichi power complex, uranium has been one of the world's most hated resources. Uranium has falling about 45% from the peak to rough. The sector was despised.

China is one of the worlds biggest energy consumers. The country has been facing a sever shortage of electrical power. It already consumes a huge amount of coal and natural gas to generate electrical power. However, it needs to get energy from every source possible.

Two national companies from China, China Guangdong Nuclear Power Holding Company and Hanlong Mining Investment have been trying to buy giant uranium deposits in Africa. China Guangdong appears that it will succeed in buying Kalahari Minerals and Extract Resources, which co-own the worlds fourth largest uranium deposit.

Hanlong Mining had already made a cash offering to buyout Bannerman Resources for their Etango project in Namibia in Oct. 2011. The conditional offer was $144M which was turned down by Bannerman with currently a market value of $62M.

"Smart Money" is starting to buy into uranium sector again. We are expecting several uranium winners this year.

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