BREAKING: The Uramin Scandal - another shocker for AIM, damning Canadian Report & arrests in France

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?

Follow @ShareProphets

Filed under:

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

3 comments

Steffi the TR1 Queen©

2 May 2016, 15:33

If only we could Fast Forward to see how this is all going to end.
Millfield

2 May 2016, 16:59

Could the James Mellon referred to in the report, and your good mate Jim Mellon possibly be the same person?
Tom Winnifrith

2 May 2016, 18:49

Millfield

‘tis a small old world is it not, indeed it appears that this is the case

t