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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 24388.90 2.29%
S&P 500 2633.08 2.39%
NASDAQ 6969.25 3.14%
TSX 14795.13 0.96%
TSX-V 572.38 0.00%

Resource Commodities

Name Last Change
Gold 1248.87 0.01%
Silver 14.61 0.07%
Copper 2.76 0.000
Platinum 792.00 0.17%
Oil 52.61 2.13%
Natural Gas 4.49 3.59%
Uranium 29.00 0.00%
Zinc 1.22 0.00%

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