Kalahari Minerals Share Discussion Threads

[gnevans] 21/3/2011 11:24

cnpc rns, confirming the board's shares are committed.

[shavian] 21/3/2011 08:40

Good start to the week

[tebbin] 21/3/2011 07:34

Gero67......thanx for the posting, and the good postings in the past.....

It feels good here again, and looks as though the Bulls will be having another of their days today.......

[gero67] 21/3/2011 05:27

Hi All

Globalxfund Uranium EFT has increased its holdings in both EXT an KAH by ~23.5% since Friday 11th March.



On the 11/03 their Uranium EFT held 1,108,648 and 1,829,563 in EXT and KAH respectively.

As of the 18/03 their holdings had increased to 1,368,748 and 2,257,963 respectively.

Regards

Steve

P.S EXT closed @ $8.01 up $1.01 (14.4%) on volume of 2,412,655 shares

[cootuk] 21/3/2011 00:41

The Telegraph is reporting that China is considering thorium/molten sodium reactors, though I believe they need a lot more development before we get large scale deployment.
India seems to be in the lead with a 300MW reactor coming online soon, so quite a while before uranium will be replaced.

[cyfalafwr] 19/3/2011 11:59

The Times Friday Business section had an an article on uranium companies .Suggested that some sources think that the takeover deal would not go through .I think it is 50/50 at the moment but I really cannot see China pulling out of their nuclear power plans ,they may slow it down as more stringent safety procedures would have to be planned for.

The article also had a graph showing the share price fall since the news of the deal ,it had a heading 'Kalamari' I know the price fall was near to a quid and not a squid!

[cootuk] 18/3/2011 18:42

How I read Extract's announcement is that CGNPC would have to have a tender off at 290p for the other Extraxt shares, but it would be up to holders whether to sell.
Could we even see Rio buy out large holders like Citicorp?

[krakow] 18/3/2011 18:05

The thing that bothers me is whether some of the interested parties have done a deal behind Kalahari's back to get this on the cheap. If there's an agreement for instance not to counter bid there may be a deal done after the takeover deal in which the spoils are divvied up and KAH has gone for a paltry 290p.

[stu31] 18/3/2011 17:39

RN, even if that proved to be the case the problem remains that Rio would only have 20% of the combined entity which presumably would be too low for them..Rio have not counterbid simply because they don't have to yet..3 reasons
1) the offer has not yet been officially tabled
2) the offer may be blocked by ASIC (assuming cgnpc do NOT also bid for Ext)
3) cgnpc did not also bid for Ext (connected with point 2)

Rio will at this point obviously be hoping that for whatever reason (including Japan) the bid does not proceed..in which case they can fall back on their original plan for a jv..

Under these circumstances if you were Rio..would you counterbid for the fun of it? I know I wouldn't..I would wait until my hand was forced and it isn't yet..Rio have played a VERY patient game up until now I can't see that changing (and although I would love to see them bid 350p on monday I focus on what is likely to happen not what I want to happen)

[plunge] 18/3/2011 16:57

CGNPC's £756m bid still intact, says Kalahari



This may provide further support next week

[red ninja] 18/3/2011 15:54

Stu31,

One of the brokers in an article posted on here speculated thatThe Chinese will do the takeover then form a joint venture subsidiary with Rio who would provide the mining nouse and facilities at Rossing mine.

I appreciate those facilities would need expanding for full Husab production.

Thus Rio may not be in competion with the Chinese they may be intending to partner them. Just idle speculation, but there is no sign of a Rio counterbid.

[gnevans] 18/3/2011 15:05

I topped up anther 39,000 at 204p I will be more than happy to take 290p

[martylangan] 18/3/2011 14:56

Well done all those who had the kahunas (and the funds) to top up. Looks like as the panic dies down, the share price is heading back in the direction towards reasonable levels.
Remember only last week we were feeling short changed at 290p. Lets get the talk going again about 350p - 400p per share for this world class resource!

[pete_bain] 18/3/2011 14:41

this share is a total bargain. Japan changes nothing its similar to 'Windscale' and 'Long Island' ie has zero effect in the longer term

[shavian] 18/3/2011 14:38

EXT Opened strongly in canada too.

[gnevans] 18/3/2011 13:24

Kalahari has also agreed that it shall terminate any discussions relating to an Independent Competing Proposal and shall not (and shall procure that no member of the Kalahari Group, nor any director, employee, agent or adviser of the Kalahari Group shall) solicit, enter into, continue or facilitate any discussions or correspondence with any other party relating to a potential offer for Kalahari or its business and/or assets.

this was in the original rns re the potential 290p offer..
It also states the have until may 3rd.

[gnevans] 18/3/2011 13:09

anyone have any idea what the silence from the kah board tells us?

Opinions welcomed, it suggsts to me they are still in talks.

[shavian] 18/3/2011 07:29

EXT up in Oz. Phew.

[krakow] 17/3/2011 23:39

The Chinese record on public health and safety, human rights, conditions of employment etc is appalling, among the worst in the world. I completely fail to see how they will give a monkeys about how a Japanese earthquake affects a forty year old nuclear power station relative to their own nuclear program. If a Chinese power station of any kind blew up and flattened a town the rulers wouldn't give a toss. No disrespect, of course. Remember Tianenmen Square and Tibet etc etc? Shooting unarmed monks and other members of the public dead?

[stu31] 17/3/2011 23:18

RN problem with that scenario is IF the Chinese are to succeed they will have to expand their offer to EXT (as I'm sure you are aware they are very unlikely to get ASIC exemption) which means they would have nearly 70% of the combined entity and wouldn't necessarily need Rio..question is would Rio then be happy with their 22% anyway..basically we need the Chinese to continue with their bid (even if lower) just to get the ball rolling

[red ninja] 17/3/2011 22:55

stu31,

Well Rio appear to be JV focused and if the Chinese succeed they could well jv with Rio.

Why would Rio want to buy when they can get a bigger share of Husab in a JV.

[stu31] 17/3/2011 22:50

RN it will eventually be nuclear imo but in the short term sentiment has been damaged..

those trading shares for a long period of time will know that in the long run the market is a weighing machine but in the short run a voting machine..pure sentiment has moved EXT from 10.50 to 6.50 in a couple of days..but those familiar with EXT know that it will in due course be a hugely profitable enterprise (if not taken out)..the problem for us remains the MH situation..how desperate is he for a sale and how low would he go..I'm sure the Chinese will be thinking the same..in the meantime Rio stay silent whilst hoping the Chinese withdraw so they can persue their JV again..although I'm sure they wouldn't welcome developments in Japan (yeah right) Rio must be quietly pleased with them

[gnevans] 17/3/2011 22:04

if not nuclear then fuel poverty for a lot more people, which is bad for teh politicians wherever they are.