HATHOR EXPLORATION
(V-HAT)
On Tuesday, December 15th, Hathor Exploration an-
nounced that all of their permits have been received for
what they describe as an “Aggressive Winter 2010 Dia-
mond Drill Program” on its Midwest Northeast Property in
Northern Saskatchewan.
It’s expected to start in early to mid-January and com-
prise 80 holes with a total of about 26,000 metres. Ac-
cording to their news out on Tuesday, they suggest that
the drill program will have three objectives:
•
Infill and step out drilling on and around the partially
outlined Roughrider Zone, with a focus on increasing
the mineral estimate by targeting the very high-grade
U308 zones.
•
Extensive testing of the area around the newly identi-
fied high-grade mineralization in drill hole MWNE 09-
170 which is located on land approximately 200 me-
tres to the east of the Roughrider Zone and lies within
a zone of strong alteration, similar to that of the
Roughrider Zone.
•
Reconnaissance drilling of other targets elsewhere on
the property, including further testing of another zone
of alteration about 1.2 km ENE from the Roughrider
Zone.
Which is all good and Hathor has definitely come up
with a very significant discovery. What’s wrong? Well,
the price of uranium for sure. What would gold stocks be
doing if gold was $500 an ounce and that is Hathor and
other players in the sector big problem. After a huge run
in uranium two years ago, uranium prices have gone no
where but down lately and it’s at a price level where most
producers don’t make any money.
With 52 nuclear plants currently being built, sooner or
later demand for uranium will rise and with used Russian
weapons running ever-lower, we are within two years of
seeing supply drop.
If a person could only know when the price of uranium
heads up, one would know when to start getting excited
about the sector.
Hathor President Steve Stanley tells us they expect to
be drilling by mid-January with two rigs going on the
Roughrider Zone and two rigs around hole 170.
As far as stock picks, he still is fan of Corex Gold
(CGE) and suggests when they start drilling in January,
they too should create interest.
BANKERS PETROLEUM
(T-BNK)
$5.81 +0.16
It seems like it was in a different time frame, but way
back in February when the world was in the middle of one
of the worst financial crisis’ ever, there we were, in Alba-
nia and ever since for this year, Bankers Petroleum has
been our favorite story.
Hard to believe things have gotten better, even better
than company President Abby Badwi thought...Bankers is
now an eight-bagger off its low.
As we look forward to the New Year, we have three
different oil and gas guys that have been very helpful to
us over the past year, all saying that there is one oil stock
we have to own for the coming year.
Clients, make sure you have all you need as we will
start writing it up extensively as we get into the New Year.
Bankers Petroleum Ltd. (BNK)
As of December 15th, 2009 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 27/09 Nov 17/09 Cobo, Leonidha Direct Ownership Options 50 - Grant of options 100,000
Nov 19/09 Nov 18/09 Cross, Robert Melvin Douglas Indirect Ownership Common Shares 10 - Disposition in the public market -500,000 $5.021
Nov 19/09 Nov 18/09 Cross, Robert Melvin Douglas Indirect Ownership Common Shares 10 - Disposition in the public market -500,000 $5.030
Nov 03/09 Nov 03/09 Christensen, Hans Eugene Indirect Ownership Common Shares 54 - Exercise of warrants 3,333 $2.490
Nov 03/09 Nov 03/09 Christensen, Hans Eugene Indirect Ownership Warrants 54 - Exercise of warrants -3,333
Oct 29/09 Oct 26/09 Cross, Robert Melvin Douglas Indirect Ownership Common Shares 90 - Change in the nature of ownership 600,000
Oct 29/09 Oct 26/09 Cross, Robert Melvin Douglas Indirect Ownership Common Shares 90 - Change in the nature of ownership -600,000
Sep 10/09 Sep 10/09 Harris, Jonathan Direct Ownership Common Shares 10 - Disposition in the public market -15,000 $2.160 GBP
Sep 09/09 Sep 09/09 Christensen, Hans Eugene Direct Ownership Common Shares 10 - Disposition in the public market -15,000 $3.950
Sep 09/09 Sep 09/09 Christensen, Hans Eugene Direct Ownership Common Shares 51 - Exercise of options 15,000 $1.050
QUEST URANIUM
(V-QUC)
LITHIC RESOURCES
(V-LTH)
Apparently they are whining a bit in the San Francisco
Bay area because the inland area got a little bit of snow in
the last couple of days. Oh goodness! Here we are in Ed-
monton which apparently was one of the coldest places in
the world recently, hitting the minus 40’s and with the wind-
chill of minus 50! Please give us some of that global warm-
ing.
Which kind of gets us to John Kaiser who was up until
3:00 this morning publishing the latest issue of the Kaiser
Bottom Fishing Report. Hats off to John because he was the
first guy and one of the very few that still follows rare earths
and rare earths had a huge run earlier this year and a huge
correction, but now the good ones look like they are coming
back.
The issue that came out today is a very good look at Quest
Uranium, which is actually a rare earth play and over the next
4-6 months, John suggests there is going to be lots of re-
sults coming out that will give people a new look at the pro-
ject.
Meanwhile, John tells us that climate summits like now
going on down the road, could create much higher prices for
rare earth, if the demand is made compulsory by political
decisions. Quest is his pick in the rare earth sector. He is a
bull on gold and points out that it’s not just the crazies buy-
ing anymore, it’s left-wingers, it’s central banks, it’s every-
one and he points to $1.8 billion of gold ETF’s trading to-
day...amazing!
When we get to gold, if he could only buy one gold stock
today, he would stick with one that has really done well and
if you want to know what it is...give us a call.
One to watch he says, is a cheapie called Lithic Re-
sources (LTH). Meanwhile, as far as these markets that are
bouncing around like crazy, he says it like having your
Christmas tree with flashing red lights, flashing off and on
dramatically like these 200 point up and down days we’ve
been experiencing.
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