Good analysis FANTOMAS, and perhaps a takeover is quite possible in the not to distant future. I say this for two primary reasons. 1: The U308 grades are simply to good for a major to ignor. 2: It almost seems like somebody out there is privy to a takeover, and is trying to keep the price down in order to aquire shares through triggering stop losses (so they can score big time on a takeover bid). Correct me if I'm wrong, but doesn't a takeover bid of a Canadian company require the "AQUIREE" to offer a minimum 30% premium to the average SP over the last 30 trading sessions? And this would then help explain the low SP, especially given that some analysts have said that the value of HAT's Roughrider property with what they have in the ground now, is worth much more than the current SP reflects. And recent drilling has only shown us that there is further high grade "basement" extension to this property. My best guess is that HAT will be bought by either AREVA, or CAMECO.....or possibly a Chinese. Guess that doesn't leave much eh? Wealth & health to all. A.