Cameco Trumps Rio Tinto Bid for Hathor Exploration with $625-million Cash Offer

Uranium giant, Cameco Corp (TSX:CCO), boosted its takeover offer for Athabasca Basin junior Hathor Exploration (TSX:HAT) with an increased bid of $625-million all cash, or $4.50 per share. The offer is an 8.4 percent increase from Rio Tinto’s (NYSE:RIO) friendly bid in October.

Read more from the Financial Post.

HULLEVAD

the less silver available for investing the better! The naked shorts will ultimately fail to depress the price of silver! So support Your miners in turning “toilet paper” IN TO SILVER ROUNDS.
Matthew Shelley

Eric Sprott is acting purely in his own interests and not in the interest of miners or other silver investors. Take whatever he says with a grain of salt. Silver miners should hedge their production so that they can make money on their primary business of mining silver rather than speculating on the price of silver.
Anonymous

Whether the miners hold silver as reserves, buy back shares or pay out dividends, the point is to not have a large amount of fiat money in the banks. I would be happy with any of the three options mentioned above.
Ravydave

every one needs to invest every one needs to save , gold / silver / any value items are subject to supply or demand but NOT BOTH !!!! opposites they are never to meet . lose or win
LAZER-EYE

MINERS SHOULD CONVERT A PORTION OF THEIR SILVER PRODUCTION TO RESERVES NOT BECAUSE IT WILL DRIVE UP THE PRICE OF SILVER, BUT BECAUSE IT WILL WITHDRAW A VALUABLE ASSET OUT OF THE BANKING SYSTEM. WESDOME GOLD HAS BEEN DOING JUST THAT BY CONVERTING 20% OF THEIR GOLD PRODUCTION TO RESERVES SINCE 2006. I LOVE THE IDEA OF BUYING GOLD FOR $700/OUNCE, ESPECIALLY WHEN AS WE SPEAK GOLD IS SELLING ON KITCO AT $1728/OUNCE. NICE WORK! WESDOME!
Max12345

I think that everyone (and so why not also silver miners?) should have at least 20% of their net worth invested in physical gold and silver. There are so many bad actors and manipulators in the silver market that it also wouldn’t hurt to have some people who actually work for a living (silver miners) involved in the market

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