Globe and Mail reported Tim Gitzel made a rookie mistake in September when he called Hathor Exploration Ltd. (TSX:HAT) overvalued.

As quoted in the market news:

You don’t get far as a hostile bidder with comments like that, and as it turns out, the CEO of Cameco Corp. proved himself wrong on Monday when he was forced to raise his offer for Hathor after Rio Tinto trumped his opening bid.

Click here to read the full Globe and Mail report.