Kalahari Minerals Share Discussion Threads

[troc1958] 15/3/2011 09:31

Gone into Auction at 2.30p. Just wonder how secure the 2.90p deal is?

[extrader] 15/3/2011 09:25

Hi zangdook,

Thanks for the link in your 6461 ! The initial explanation was v encouraging - but the subsequent updates a bit less so.....

ATB

[martylangan] 15/3/2011 09:22

Probably Rio..

[badtime] 15/3/2011 09:20

anyone buying?

[zangdook] 15/3/2011 08:34

Extrader - see this



"There was and will *not* be any significant release of radioactivity.
By "significant" I mean a level of radiation of more than what you would receive on – say – a long distance flight, or drinking a glass of beer that comes from certain areas with high levels of natural background radiation."

[extrader] 15/3/2011 08:34

Hi tebbin,

Agree absolutely your perspective : I don't see the Chinese invoking a MAC (material adverse change in circumstances) clause, so the 290p offer should hold.

Only question is whether others who've not yet declared their hand(s) will do so or sit on them for a while, concerned at domestic/shareholder backlash.

Time will tell !

[seagreen] 15/3/2011 08:23

Its eitehr a screaming buy or a screaming sell and I aint sure which ....I suspect it may be the former in the long run

[zangdook] 15/3/2011 08:09

this is nuts

[extrader] 15/3/2011 08:09

Hi all,

I don't want to belittle the potential seriousness of the situation in Japan, but it seems to me that - a bit like Germany's preoccupation with inflation - Japan's history is making a bad situation worse.

Our media's anti-nuclear bias isn't helping.

I'd like to see some meaningful comparators for the lay person to put these levels of radiation risk in context eg how much radiation do we take in voluntarily from , say, sunbathing or living in high granite rock areas or from oldfashioned 'glow in the dark' watch-faces or from an X-ray.....you get the picture !

ATB

[surething1] 15/3/2011 07:59

Is EXT order or quote driven?

[schlemiel] 15/3/2011 07:53

the problem is not nuclear reactors but nuclear reactors located in geographically unstable regions

[tebbin] 15/3/2011 07:51

Lizzie II .. there was a good portion of the trades buys, so there was no reason for EXT to fall so much.......this whole situation on the markets is being created to drive the S.P's down....No doubt, some institutional hero will come out of the woodwork, telling us how clever he was to short the market, and make millions....With facilities not available to all...

[lizzie ii] 15/3/2011 06:47

EXT closed down 18.4% in Australia!

[cyfalafwr] 14/3/2011 23:21

EXT down again 4% early trading in OZ.

quoted comments

Extract Resources (EXT.AU) isn't producing any uranium yet and isn't likely to for years, but its shares still fell 8.3%, showing that the problems at Japan's nuclear power plants are stoking concerns for nuclear power's longer term viability.

[tebbin] 14/3/2011 19:34

Shavian/stu31....I looked at it and there was 54 trades for 55k volume...
not exactly market forces at work...but is it ever?...

[stu31] 14/3/2011 19:23

That Toronto quote has always been illiquid to the point of being meaningless..I put in an order at $9 limit when the price was $8.96-8.99 and it suddenly balooned to $9-9.4..they want you to sell down there not buy..

[shavian] 14/3/2011 18:24

They are getting jumpy in Toronto

[grevis] 14/3/2011 16:22

Kalahari Mineral's shares soared to new heights last week after Chinese resources group CGNPC made a 290p-a-share cash offer. Talks between CGNPC and Kalahari are continuing but the Kalahari board is minded to recommend the bid, unless a higher offer appears. Kalahari shares are trading at 298p, suggesting the market hopes a third party will trump CGNPC's bid. Sit tight says the Mail on Sunday.

[gero67] 14/3/2011 14:22

Not all gloom and doom in uranium sector

Australian Financial Review
PRINT EDITION: 15 Mar 2011
Street Talk
Edited by Sarah Thompson and Paul Garvey

The nuclear power plant issues in Japan are understandably weighing on shares of uranium explorers and producers.

But the bulls think China's continuing focus on nuclear power - albeit probably with extra safety precautions - will be enough to keep the yellowcake market sufficiently strong to absorb extra supply in the longer term.

Shares in Extract Resources, whose major shareholder Kalahari Minerals is subject to a potential takeover offer from China Guangdong Nuclear Power, plunged 7.7 per cent to $9.81. That compares with the $10.75 seethrough value of the bid for Kalahari. As long as the situation in Japan doesn't worsen significantly, Street Talk hears China Guangdong is likely to remain very much interested in bidding for Kalahari and ultimately Extract.

As for uranium demand as a whole, the incident in Japan could affect new nuclear plant construction in developed countries and India, but it is unlikely to speed the decommissioning of older reactors. The lives of those are often being extended, and notably last year there was twice as much uranium demand from new reactors than was lost from the retirement of older plants. Construction of another 62 new reactors is already under way.

That said, in the short-term demand for uranium will fall due to the hiatus at the Japanese reactors.

[babylon3] 14/3/2011 08:58

Well FWIW I took this as an opportunity to top up.

[zangdook] 14/3/2011 08:57

No, but those of us with spreadbets who took advantage of the bid to get over-leveraged are being forced to trim. Oh well, one day I'll learn.

[tebbin] 14/3/2011 08:48

Kimball808......Yes and if we can believe the Buy/Sell data the buying is twice the sells.......Not going the way they wanted.... P/I's are not fooled into selling......

[seagreen] 14/3/2011 08:48

added more