Good News Bad News
Good news for Hathor Exploration (HAT.TO) today as Cameco (CCO.TO) finally stepped in with a cash offer of $3.75/share valuing the company at $520 million. Shares are currently trading at $3.90 so it is fair to suggest that other suitors are expected shortly. While this offer looks great, shares traded as high as $4.40 in 2008. So much for patience being rewarded.
Bad news for Sino-Forest shareholders (TRE.TO) as the OSC is kicking ass and taking names today. Shares are halted and directors are being forced to resign. At least it wasn't a mining company