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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 24509.70 0.60%
S&P 500 2753.17 0.75%
NASDAQ 7736.96 0.58%
TSX 16356.42 0.39%
TSX-V 753.87 0.00%

Resource Commodities

Name Last Change
Gold 1268.53 0.05%
Silver 16.34 0.31%
Copper 3.05 0.000
Platinum 864.00 0.35%
Oil 66.22 1.74%
Natural Gas 2.96 2.16%
Uranium 22.88 0.52%
Zinc 1.38 0.00%

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