One of the many side effects of the annual August weakness in TSX Venture-listed company share prices is the inevitable takeovers that crop up as the majors are able to acquire resources at a relatively deep discount.

Kinross Gold's (NYSE:KGC, TSX:K) acquisition of Aurelian is a great example. One place an investor can count on making some money is being in the stock of a takeover candidate when a bid is made for its acquisition. Aurelian shareholders received a 63% premium to their share price on the day of the announcement.

Hathor Exploration's non-stop barrage of great press releases has serious implications for this company and its investors. On the horizon in the not too distant future, a big company is going to come along and swallow this little company, and Hathor will be no more.

Its really a shame, too, because Hathor has the makings of $20 company, given a little more time for exploration.

But its precisely that potential, combined with the current weak market conditions, that make it so attractive a target.

On July 8th, Hathor announced the intersection of "basement" hosted uranium mineralization across 70 metres (230 feet) at its Roughrider property in Saskatchewan. This is just one example of the type of success Hathor has enjoyed across its vast property portfolio, and grades of up to 59% uranium have been encountered.

Hathor has uranium property interests that cover a total 464,134 hectares (1,146,900 acres) in the Athabasca Basin region of Saskatchewan and Alberta. This part of Canada has the most prospective geology in the world to explore for high-grade, unconformity-style uranium deposits.

Today, in the eastern Athabasca Basin of Saskatchewan, three mine/mill complexes account for about 28% of the world's annual mine production of uranium. Here, through its wholly-owned subsidiary Roughrider Uranium Corp., Hathor has interests in eight properties covering a total of 349,840 hectares (864,473 acres) of the same geological terrane that is intimately associated with all currently-producing Canadian uranium mines.

Hathor also has several large land positions totaling nearly 19 million acres in the vicinity of Great Bear Lake in the North West Territories. These permits are located to the northeast and northwest of Great Bear Lake and were selected to take advantage of proximity to basal units in the Hornby Bay rocks which include some coarse clastic members. These units may be favourable for the localization of higher grade, chemical front type uranium deposits similar to those found at the base of the Athabasca Basin in Saskatchewan.

In addition the Company has also been awarded a 100% interest in the uranium rights to sixteen prospecting permits covering approximately 600,000 acres in the same area of the Northwest Territories. Fifteen of these permits are contiguous. These permits, acquired as part of the Jaeger Joint Venture, flank the east side of the 50% interest permits Hathor had previously acquired. Jaeger, under terms of this agreement, has a 30 day right to pay Hathor for the cost of the permitting and will thereby earn the rights to minerals and metals other than uranium. These lands are also adjacent to permits recently acquired by Cameco, Canada's largest uranium mining company, and to lands held under joint venture by Triex Minerals covering the Mountain Lake deposit. Several copper-uranium showings were located in this area during the period 1978 to 1981 but little follow up work was done.

A single permit of approximately 15,000 hectares in size was also acquired covering part of a graben-like structure that has preserved an outlier of similar Proterozoic (Hornby Bay) sediments on the south side of Great Bear Lake. The location is approximately 50 kms west of old Terra Mine site. This land holding is also adjacent to recent permits acquired by Cameco. Several uranium showings have been reported within the permit area. Hathor is conducting a review of historical data which will determine the significance of these showings.

Hathor is one of the more advanced Uranium exploration plays in the Athabasca, and its diverse and broad land holdings package will be primary drivers when the company is bought out.

Additional potential takeover targets that are suffering from lack of interest in their share price in spite of substantial exploration success include Potash One (TSX.V:KCL), Tirex Resources (TSX.V:TXX), Midway Gold (TSX.V:MDW) Tamerlane Resources (TSX.V:TAM) and Far West Mining (TSX:FWM)