By Tom Winnifrith | Monday 2 May 2016
The sale of AIM & TSX listed Uramin to France's Areva is shaping up to be the biggest scandal in the world of mining since Bre-X. It has almost brought down Areva and in France the husband of the head of Areva has already had his collar felt within the past few weeks for insider dealing and money laundering. Our source at the heart of the investigation indicate other arrests are imminent. And the scandal is also threatening to bounce back to the AIM casino.
Who might be next? The French paper L'Express has some ideas as you can see HERE
In Canada, folks have taken this very seriously. The Honourable Céline Hervieux-Payette, PC, a senator has produced a detailed report which makes incredibly serious allegations against very prominent figures in Canada, France and the UK as you can read HERE
So seriously are the Canadians taking this that they are changing their laws in reaction to what appears to have gone on.
But Uramin was also listed and actively traded on AIM. Two of the folks named in the Canadian report are very active on AIM. But the British press has ignored this matter completely which rather begs the question why. And as for the regulators, have they shown any concern?
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