Hathor* (HAT : TSX-V : $1.90), Net Change: -0.02, % Change: -1.04%, Volume: 866,553

Cantankerous, ludicrous and nefarious doings.

week of strength in anticipation of first drill results from the winter drill program on Roughrider coinciding with the annual PDAC convention. The stock was halted last Monday morning to allow for the dissemination of results, which Zaunscherb deemed “A solid single”. Last week Hathor’s share price collapsed 37%, highlighting once again the volatility associated with early-stage exploration. Aside from the usual “buy on mystery, sell on history” bromides, Zaunscherb states that one can also trot out explanations for the market’s cantankerous behaviour including the failure of the southwestern step-out holes and concerns about the primary target not being tested. Ludicrous rumours of nefarious doings on the property were promulgated at PDAC, likely concocted by the shorts, as well as questions such as, “Wouldn’t the drillers know by now whether the primary target has been hit?” and “If they really believed in the primary target, wouldn’t they have tested that first?” In Zaunscherb’s opinion, Hathor is proceeding in an appropriately systematic fashion, particularly given constraints of off-ice drilling, to a) expand the basement-hosted mineralization encountered, and b) test for potential unconformity-related mineralization in the overlying altered sandstone highlighted by the large alteration halo and coincident geophysical anomalies (the primary target). Testing these geologically tiny targets is akin to spearing a phonebook standing on end at the bottom of a swimming pool while blindfolded – a task best suited to a systematic approach rather than a reckless Hail Mary. Zaunscherb expects Hathor’s share price to firm up as we approach the next batch of drill results anticipated towards the end of March and now sees an excellent entry or re-entry point that has been created for risk-tolerant investors.