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KAH Kalahari Min

243.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kalahari Min LSE:KAH London Ordinary Share GB00B117S132 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 243.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Kalahari Minerals Share Discussion Threads

Showing 7526 to 7546 of 7725 messages
Chat Pages: 309  308  307  306  305  304  303  302  301  300  299  298  Older
DateSubjectAuthorDiscuss
17/11/2011
14:36
I think the offer of 243.5p is a clever tactic. It is lowerng everyones expectations. So when CGNPC come back with an offer of 270p everyone will be greatful of a much better offer. Still dirt cheap and CGNPC will have more chance of walking away with a bargain.

Cheers,
Niels

nielsc
17/11/2011
14:25
True Tebbin, and now I also believe there's a slim chance it won't be bought out at all. If the price is wrong there may be greater value for shareholders in going it alone although this would greatly extend the timeline.
krakow
17/11/2011
13:41
At the moment we have only been told that KAH and CGNPC are in discussions in relation to CGNPC making an offer for KAH @ £2.435. and they must make a formal offer by DEC 08 2011.

There is no indication of KAH's position or if they think the price is a fair one....

In the recent past MH has stated he thinks that A$16 is what EXT is worth per share. Converting this to value of KAH it is considerable more than £2.43
discussed.

This looks it will run into 2012 before KAH is bought out......

tebbin
17/11/2011
12:30
zangdook,

Have they gone even lower with 2.4p ;-)

I think it was 243p. Stupid price.

Cheers,
Niels

nielsc
17/11/2011
11:57
What are they talking about? How much to put in the brown envelope? Either the board recommends 2.4p or whatever it was, or they don't.
zangdook
15/11/2011
17:33
Stu31..... The uranium market is forecasted in the future to be a resource producers market...... so finance will always be available for the top players which includes EXT.

Incidently the spot price has just risen another US$4..and with the resource on the EXT Licence reported as 500mlbs is a nice increase in value...

No doubt the bidding team will not want to talk of those matters, but try and keep the focus on the bot controlled KAH share price

tebbin
15/11/2011
15:39
so what is happening in South Africa then, or Zimbabwe? Countries can and do go from being desirable investment locations to undesirable, sometimes overnight. Listen to the statements coming out of the Namibian government. As for funding, Leslie has stated that funding would be forthcoming but a licence is required..it is not the case that banks are not lending to anyone..they simply don't have enough quality projects to lend to..Husab clearly does not come into that category and if the argument is that Uranium is too low to finance Husab then half the uranium industry is on the verge of going out of business as they are higher cost producers..I doubt funding is the issue but we will see in due course..btw if the licence is being peddled to the Chinese that makes NRRP a non-starter at any price with huge sovereign risk
stu31
15/11/2011
10:22
Sparty1....Your right there....If a company spends time,money, and human resources in developing a licence with an unknown X factor...and then dont receive the rewards when they are successful... there is little encouragement for other projects in that country either for the said company or others..
tebbin
15/11/2011
09:30
I think the namibian gov would lose all creedence if some dodgy deal was reached with the chinese or rio..They have built up a decent reputation over the years as being a solid place for investment.Frankly ,those of us who are following the story as NRRP holders probably dont mind what price they pay.I sold my KAH way too soon in the 50`s lol.sob sob..I do look forward if they can do it to north river becoming the son of kah... and growing..
sparty1
15/11/2011
09:07
zangdook....It looks like the chicken and the egg scenario which comes first...

John Leslie has stated that there are a number of finance sources they have been in discussion with...also should they to prefer the "go it alone " the funding would be there.....

I read from this that EXT/KAH are in a position to provide evidence that at a future time that funding would not be a problem...I cannot recall "The Namibian government" demanding funding first before a ML..They would always be in a position to withdraw it in the future if the provisors are not met...

Good news about the spot price and I have seen a bulletin from Merrill Lynch stating the offer for KAH is very low....Agreed !!

This could be only the beginning of the end game.....GL

tebbin
15/11/2011
08:27
Isn't the licence dependant on funding for mine development being obtained? Which EXT and KAH cannot easily provide, but CGNPC or RIO probably could? If this is right, then the licence won't appear until the ownership is settled one way or another, but not because of skullduggery and corruption (not to say they may not be going on anyway).

Thx to Marben100 for mentioning the funding issue, elsewhere.

zangdook
14/11/2011
23:41
er..Rio won't get a licence (as I said above)..so their best strategy would then be to tie in with CGNPC who will be given the licence whilst Rio then offer the mining expertise..everybody wins..except current holders..now look at the EXT share price and consider 3 Chinese 'bids', each lower than the preceding one..I wouldn't rule out a fourth offer being even lower..

and this is just 1 POSSIBLE scenario in which holders here will not get full value for Husab

stu31
14/11/2011
23:35
Stu, so you think Rio will just let them take it for 243p? I think not...
beefeater25
14/11/2011
23:27
unless CGNPC have already made an agreement with the Namibian government whereby only the Chinese would get the licence and in return they get Husab for a knockdown price..govt wins as Chinese hand over a portion of the project as a backhander and Chinese get the project cheap..Proof will be: no-one else bids cos they've already been warned off and no mining licence arrives before Chinese bid goes through..

of course this requires a high level of corruption..what in China and Namibia? No, really? If so that is the end of Namibia as a serious investment destination but what do they care (i.e. current ministers) if they do very nicely from the deal

evidence: 1) no mining licence for a year. 2) Epangelo demanding a stake in the project be handed over to them. 3) Changing the terms of new licences to demand a share in new projects. 4) Talk of upping the tax rate to grab more of any project.

What more evidence is required? Extract refused to hand over a large slice of the project and hey presto no licence. Plus high level Chinese visits to Namibia. Plus track record of the Chinese in business. I'd say, all things considered, holders here will be shafted and Hohnen knows the score so will take what he can get..under that scenario he would be wise to take 243p now rather than haggle with the Namibians for the next 3 years trying to get a licence or in fact having the project stripped from them altogether.

stu31
14/11/2011
23:18
No way CGNPC will succeed at 243p IMHO... This potentially could just put a line under the share price..
beefeater25
14/11/2011
22:40
Kalahari offer too low: Merrill Lynch

The Australian Financial Review
Street Talk
PUBLISHED ONLINE: 14 Nov 2011
Edited by Sarah Thompson and Stephen Shore

China Guangdong Nuclear Power Co's (CGNPC) latest offer for Extract Resources's major shareholder, Kalahari Minerals, is below fair value and opens the door for Rio Tinto to produce a higher offer of its own, says Merrill Lynch analyst Glen Chipman.

The 243.55 pence offer for Kalahari being discussed - lower than the 270 pence proposed price in May and the 290 pence price before the Fukushima disaster values Extract at a see-through price of $8.80 to $9 a share taking into account its cash position and unlisted performance rights.

Mr Chipman said one near-term catalyst for an offer from Rio, which owns an effective 19 per cent stake in Extract through its holdings in Extract and Kalahari, would be the grant of a mining licence over Extract's Husab uranium project in Namibia. Husab neighbours Rio's ageing Rossing mine, which has infrastructure available to process the uranium and cut the capital costs of Extract's project significantly.

Mr Chipman said the mining licence could be granted in a number of weeks, triggering an offer from Rio.

However, some think Rio may decide not to bid for Kalahari or Extract and instead to form a joint venture with CGNPC over the project if the Chinese group's takeover ambitions prove successful. CGNPC does not operate any uranium mines globally and is already a customer of Rio's.

Merrill Lynch has a price target of $9.50 on Extract, compared to its closing price of $7.90 on Friday.

beefeater25
14/11/2011
16:04
GRIMBO
"One gets the feeling that Kalahari think they can put the money to far better use now elsewhere with larger returns and where they have more control of what happens."


You got that right mate ..NRRP ! They already got 38% of an exceptional suite of resources ,some of which they handed over to nrrp before the extract adventure . NRRP hopr fully to be the son of kah,with the common denominator being M.H.First they have to extract it from the chinese deal....
At sub 2p its a steal ,frankly its a steal sub 4p with recent RNS and the 3 jv`s...
I liked kah but the upside for north river is so much more reminicent of the young KAH..... the penny share. :)

sparty1
11/11/2011
12:09
So numbers were as of 13th Oct 2011:-

APAC Resources Capital Limited 36,296,059 14.79%
Nippon Uranium Resources Australia Pty Ltd 33,781,505 13.76%
M&G Investment Management 30,600,000 12.46%
Rio Tinto International Holdings Australia Pty Ltd 28,267,310 11.50%
CQS 14,959,346 5.97%
Henderson New Star 11,341,518 4.62%
JP Morgan Asset Management 9,862,100 4.02%

Nippon Uranium (they have also via sub ITOCHU bought 10.3% of Extract (Polo's stake) they also have a non exec on the board as do NCIM who hold about 2.5% I think.


Total issued share capital 250,765,894 Ordinary Shares
Total voting capital 250,765,894 Ordinary Shares
Percentage issued share capital not in public hands 39.1%


So not just RIO with a big interest....but the board have 40% plus, although some of that may be options ?

dyor etc...

energiser01
10/11/2011
23:41
The market seems to be saying that either the offer will fail or the indicative 243.5 p is realistic. Certainly the price action doesn't suggest a much higher offer. I also can't see how the board can recommend a further cut of 10% from the abortive 270 offer.I guess having got this far I sit out but I don't feel confident of a happy ending.
gco1133a
10/11/2011
12:27
That's getting a firm NO

Thank-you
but
No thank-you

P.S Can I have my £8m please

thorpematt
10/11/2011
12:04
BeefEater25.....It is not certain that there is potential to make a quick 10% profit....

Part of latest RNS.....

This announcement has been made with the consent of CGNPC-URC. For the purposes
of Rule 2.5(a), CGNPC-URC reserves the right to make an offer at any time at a
value below 243.55 pence per share with the agreement and recommendation of the
board of Kalahari. ...

243p is not a fixed price.....

For the last few years now P/I's on here have been very postive about the asset , and that we would have a good payday in the future......Now its a maybe...

tebbin
Chat Pages: 309  308  307  306  305  304  303  302  301  300  299  298  Older

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