Kalahari Minerals Share Discussion Threads

[tebbin] 17/3/2011 08:41

The falls in KAH/EXT doesn't appear to have much to do with the future of the uranium industry.... but more with the future negoiations which they were on the brink of begining before Japan's earthquake.....

Today RIO are up and the uranium projects they already own will be effected by any downside of their order book.....

I am expecting their will be a point where the companies/institutions shorting EXT/KAH will have their fill.....

I dont know if in the situation the BOD of KAH find themselves in, they could issue a statement to rally the share price ..but I would have thought Extract are free to do so.......

[zangdook] 17/3/2011 08:33

The Chinese (like the Swiss and Germans) are trying to manage popular hysteria with a 'suspension' - in due course when the Japanese situation has played out they'll release a report that explains how safe their plans are and how it couldn't happen here, and then they'll start building again. They don't have a choice. They may even tighten up safety standards, but they won't cancel the building programme.

There's a run on salt in supermarkets in Chinese coastal provinces today, because salt contains low levels of iodine. It's irrational, but the government has to play to their public to some extent, especially as they're having their regular political conferences in Beijing at the moment, so the political leadership is in the headlines every day, along with the Japanese situation.

[jimbo55] 17/3/2011 08:32

China playing the current situation to their own advantage. When it comes to the West, our leaders will ensure we badly lose out in the resources game.

[julesb9] 17/3/2011 08:07

trading at 1.95!

[hyper al] 17/3/2011 08:06

what???

how come?

[pre] 17/3/2011 08:05

buys at 2.62...

[hyper al] 17/3/2011 08:03

level 2 anyone?

What is current auction unlock value?

thanks

[gnevans] 17/3/2011 07:54

suspended new plants reviewing security on all being built and existing

[shavian] 17/3/2011 07:25

Ooops..

"China has become the latest country to suspend its nuclear programme in response to the ongoing crisis at the Fukushima nuclear plant, announcing that new projects will not be approved until improved safety rules are ready.

China has 25 new plants under construction as part of plans to expand its nuclear capacity from 10.8GW to 86GW by 2020.

FURTHER READING
Japan nuclear crisis prompts surging investor confidence in renewables
Japan's nuclear crisis is bad enough without this rush to judgementBut the State Council issued a statement today confirming it would indefinitely suspend safety approvals for new plants until new safety rules are in place, and step up inspections on existing plants. However, it gave no indication on when improved safety rules would be in place.

India and South Korea have already put the brakes on new nuclear build programmes for safety reasons, while in Europe, Switzerland and Germany are reassessing their nuclear plans as the situation continues to worsen in Japan."

[jimbo55] 17/3/2011 00:20

.... and that's exactly what made me pick up more KAH at 275p on Monday morning zangdook. Hopefully, things will pan out well with KAH, and we'll see a sizeable relief rally in the shares.

I am mindful of last Spring with the Emerson bid for Chloride, made last April. Nothing happened for weeks, and then the bear market of last Spring began in earnest. The bid price had pushed Chloride's share price up to a PE in the 20s. In the absence of bid news, it began to dwindle. Mindful of the fact that the institutions who'd bought into Chloride on the bid news were beginning to heavily hedge their positions with CFDs, I decided to exit and take the gain I still had while it was still on the table.

Two weeks after I exited, the Emerson bid was confirmed, and then a competitor entered and there was a minor bidding war. I missed all that.

Very conscious that the same could happen here; irrespective of the nuclear situation in Japan. China clearly plan to be top dog in the resources World. The only thing that bugs me slightly is, they are amongst the most savvy resources operators out there and experts at picking up Western companies on the cheap. They know how to play fear situations in the market to their own advantage. I believe I'm witnessing this with KYS at the present time. The fact that Rio Tinto want this quite badly gives me some hope though that competition in the bid arena will push KAH back to more respectable levels. If I do reduce tomorrow, it won't be by much. Just conscious of what markets can be like once the mob begin to brick themselves. Logic goes out the window in these situations.

Like I've already said, I will begin to take advantage of the fear tomorrow, but keeping my powder dry. I won't know when the bottom is in. Just seeing big falls driven by panic creating a possible good opportunity. ;)

[zangdook] 17/3/2011 00:11

I think the opportunity for the Chinese to try to reduce their offer is limited - remember a week ago many here were expecting counter-bids of as much as £4. The market for Uranium will still be there and Rio and others will still want to get a large share of Extract's resources.

[jimbo55] 17/3/2011 00:01

Aus market is full of retail punters papillon. It's these people who make the opportunities. I don't claim to be psychic in terms of an ability to pick the bottom, but there is certainly blood on the streets in the Uranium sector right now. As stated on the Forte thread, I think the time has come to begin dribbling money in.

Things I've done right this week:

1. Sold 98% of my GCL holding at an average of 90p per share. Hated doing it at the time, but think this will turn out to have been a good decision.

2. Managed to sell completely out of CYN on Monday morning without taking any damage. By some miracle, CYN's holdings in both KAH and a multitude of Aussie resource companies were overlooked by the market. It therefore didn't suffer the same pre-open mark-down fate as GCL.

3. Sold out of a couple of more speculative junior mining stocks, including AGQ. Didn't like to sell a Silver producer with the current price backdrop, but AGQ are only producing on a small scale - mainly using the proceeds to fund drilling in order to establish a significant resource. Despite what I think of the prospects the next couple of years out, AGQ have the scope to get battered more by the current market; despite today's rally.

Things I've done wrong:

Added to KAH at 275p on Monday morning. Currently showing a small loss in terms of the fall cancelling out the gains from my existing KAH holding. Will see what tomorrow brings - may well reduce for damage limitation reasons.

Sentiment is certainly going to be badly against the nuclear sector for at least the next few weeks, depending on Japan. Depending on the final outcome at Fukishima, it could take anything from 6 months to a few years to recover.

At the moment, I'm mindful that:

1. KAH have had a 290p bid. However, I would not put it past the Chinese to take full advantage of the current situation and start playing games with this.

2. No matter how bad the World currently thinks of nuclear power, the pictures from Libya and the Middle East currently show us how limited our future energy options as a species really are. Even if we all start using energy more efficiently (meaning no more heated toilet seats in Japan), renewables are just not going to bridge the gap and come with costs of their own - wind turbines anybody.......

[red ninja] 16/3/2011 23:50

The company can say nothing it is all being played out at 6 reactors in Japan.

[krakow] 16/3/2011 23:50

Good move papillon. I've been topslicing mine for some time because I've never been happy with the decision to build a mine. A For Sale sign always seemed a better option to me. I still have a sizeable chunk though, but I do expect it to recover from here.

[papillon] 16/3/2011 23:42

Yes it's down over 20%. Glad I sold all my KAH on friday. I got very lucky for a change.

[krakow] 16/3/2011 23:40

EXT being soundly thrashed in Oz. Obviously not much confidence there. The market may wish to see some kind of update from the co.

[cootuk] 16/3/2011 23:05

I thought the limiting factor for many new reactors was the very low numbers of single shell reactor cores made each year, though the chinese used to weld bits together

Old article

[thorpematt] 16/3/2011 22:34

Germans temp closure of 7 old plants for stress tests.

New plants need more U308. Existing ones don't.

Every cloud and all that...

[pre] 16/3/2011 21:09

put things into context...the govt have the situation under control and are better prepared than ever...experts are saying that the risk is very small and nothing on the scale of previous events....so let's not get too carried away....plenty of fear robbed many yesterday and i suspect today too....plenty of upside tomorrow as bid is £2.90... and KAH look way way undervalued at current levels now imo dyor etc.

[gnevans] 16/3/2011 19:52

chinese currently have 20 plus raectors being built. They are reviewing their safety. \Just watched Jeff Randall Live on Nukes. I hold.

[thejonah] 16/3/2011 17:19

Topped again at 234p just before close. Just wished I'd dumped yesterdays investment at > 260p !! Oh well, HTH !!

[red ninja] 16/3/2011 16:46

Its loads of factors isn't it.

The Chinese pm saying the reactors timetable will be slowed.

The fact that they have not established control of the reactors yet.

On the BBC they are saying reactors 4-5-6 had there rods out in cooling ponds, they can only be in trouble if water levels in the cooling ponds were lowered. They speculate maybe some of the cooling pond water was transferred to the other reactors.

Oh dear, that seems as bad as someone accidently switching of the air intake valve on one reactor with the result that air in the reactor increased forcing down water levels. Oh dear ! Oh dear !

Meanwhile some of our biggest tub thumpers have gone quiet ...