Hole 116: 2.5 Metres Grading 70.34% U3O8 / #10-200: 22.5 Metres Grading 11.3% U3O8 / #30: 69 metres grading 2.33% U3O8 / #10-188B: 7.5 metres grading 29.98% U3O8

ATHABASCA BASIN: WHERE GRADE IS KING!

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Message: Marin Katusa (Casey) on selected uranium stocks (06/04/2009)

Thanks Fantomas

Casey Research seems to think profit has been taken on this, suggesting upside is limited in their view. That could be a factor in itself.

There seem to be quite a high volume of sellers compared with buyers right now.

BID OrdersVolumePrice Range
11 38,200 2.170-2.210
ASK Price RangeVolumeOrders
2.240-2.290 81,200 19

Still, HAT has kept it's advantage over the nuclear NLR ETF, since the discovery over a year ago, and seems to have a nice base around 2, and didn't suffer too much last autumn.

Share structure

At March 31, 2009 Shares
Shares Issued 86,174,926
Warrants (exercise price of $3.00) 300,000
Warrants (exercise price of $3.10) 141,982
Options (exercise price of $0.50 - $3.09) 8,475,500
Fully Diluted Share Capital 95,092,408

Warrants aren't too high and all around $3.00; wonder if options are having an effect.



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