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Hathor drama casts spotlight on small uranium players


November 16, 2011

Tim Gitzel made a rookie mistake in September when he called Hathor Exploration Ltd. (HAT-T4.87-0.01-0.20%)overvalued.

You don’t get far as a hostile bidder with comments like that, and as it turns out, the CEO of Cameco Corp. (CCO-T20.12-0.43-2.09%)proved himself wrong on Monday when he was forced to raise his offer for Hathor after Rio Tinto (RIO-N53.34-2.01-3.63%)trumped his opening bid.

 

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25669.30 0.43%
S&P 500 2753.17 0.75%
NASDAQ 7816.33 0.13%
TSX 16323.71 0.60%
TSX-V 678.01 0.00%

Resource Commodities

Name Last Change
Gold 1184.72 0.81%
Silver 14.81 1.28%
Copper 2.62 0.010
Platinum 790.14 0.000
Oil 65.91 0.68%
Natural Gas 2.95 1.29%
Uranium 25.80 1.71%
Zinc 1.05 0.00%

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