Sprott-Asset-Mngmnt-logoThere's a tremendous post out from the good people at Sprott today: Hostile Takeovers Gone Bad.

The author, geologist and investment advisor Steve Todoruk, says that Cameco made a fatal flaw in their attempted takeover of Hathor Exploration in 2011 by not acquiring shares in the company before the takeover announcement. As a result they were defeated in a hostile bidding war for Hathor by the world's number two largest miner, Rio Tinto.

Related: Back then we were ALL OVER suggesting Hathor BEFORE the takeover announcement.

Mr. Todoru suggests Cameco has learned their lesson, which corroborates rumours on the street that Cameco has been a buyer of Fission Uranium and or Alpha Minerals shares in the open market recently.

These are rumours and opinions, and not to be construed as investment advice. Check out the article, subscribe to Sprott's Thoughts, and always do your own due diligence. It's a dog eat dog world out there.

From Twitter: