Feb 12 Uranium Stocks Update: sxr Uranium One (TSE:SXR) + Urasia Energy (CVE:UUU) Merger (Part I)

The uranium M&A game is heating up, with today's proposed merger between two of my uranium picks SXR and UUU. Without further ado, let's hear what the CEOs of the two respective uranium juniors had to say about this proposed all-stock merger on RoBTV this morning and I'll save my comments for later:

Neal Froneman, president and CEO, SXR Uranium One
Why Urasia?
(1) had production stream
(2) presence in most appropriate uranium resource area in the world = Kazakhstan

Phillip Shirvington, president and CEO, Urasia Energy
Business in Kazakhstan
(1) fine doing business there, living standards improved over last 15 years
(2) "benevolent dictator", things work smoothly, stable country, good place to do business
Why Shares, Not Cash?
(1) shareholders continue to ride up on uranium
(2) uranium has a lot further to go than this

Neal Froneman, president and CEO, SXR Uranium One
Primary Listing
(1) Toronto first and foremost, we are Canadian company, benefits of raising capital
(2) creates emerging senior uranium producer, alternative to Cameco
Uranium Price Prediction
(1) I certainly believe you will see breakthrough >$100 this year, I think it will spark much higher than that
(2) with low cash cost $10-12/lb, we do not need to model a company on much higher uranium process (than $50-60)

Phillip Shirvington, president and CEO, Urasia Energy
(1) we also believe that uranium price will go through $100 this year, we are out there in the marketplace selling, we know how tight market is, see market continuing to tighten

Neal Froneman, president and CEO, SXR Uranium One
Cigar Lake
(1) I personally believe that Cigar Lake has driven sentiment more than supply
(2) even in full production, Cigar Lake supplies 10% of production, significant, but I do not think it is enough to really upset market
(3) Cigar Lake highlight how difficult it is to bring complicated mining projects
Further Acquistions?
(1) yes, as long as value accretive