Kalahari Minerals Share Discussion Threads

[grahamg8] 04/4/2011 08:17

The point is that one antiquated badly designed, located and maintained nuclear plant is being used as an excuse to pillory an entire industry.

[cyfalafwr] 02/4/2011 10:16

How does a ship colliding with some wind turbines compare with tens of thousands of people being made to move from their homes and not being able to return for decades ?

[gardenarc] 02/4/2011 09:07

Thats true grahamg8.

[grahamg8] 02/4/2011 08:54

Interesting development in Germany with nuke owner sueing the regional govt for forcing them to shut down their plant. It will probably get settled out of Court. But I would relish an open battle with the defense trying to prove that the decision was correct. It would revolve around the relative safety of different designs of reactors and I would hope the safety record of non nuclear power generation as well.

Does anyone remember seeing the early post earthquake footage which showed an oil refinery on fire? I don't recall any demands to close down all oil refineries throughout the world.

And when the coal mine exploded in New Zealand killing all the miners was there a call to close down all the world's coal mines, and related power stations. Or the regular gas explosions that destroy houses and kill their inhabitants. How much environmental damage has been caused by acid rain and CO2 emissions, and how does that compare with Uranium and Plutonium damage?

Perhaps what we need now is a cruise ship or ferry to collide with an offshore wind farm and then we can really have a stupid debate about closing them down too.

[gnevans] 30/3/2011 11:38

Can anyone explain/give an opinion on the Deutsche Bank Trades?

Very small buys and sells.

They are connected to cgnpc (china)

Is this to influence the share price?

[martylangan] 30/3/2011 09:55

Was the DFS meant to be out in the next 2 days? (Q1 2011).
Any mention if this has been delayed?

[hectorp] 30/3/2011 08:47

In the end, it could be positive for the world-view of the industry that none of the power plants actually exploded in Japan . 3-mile Island was a huge scare but many new plants have been built since. Yes, go for them. No building on dodgy faults. N Sea- chance of Tsunami in one lifetime about 2% I'd say ( Norwegan one was thousands of years ago).
Scotland is on the ripple plain of the Icelandic super-cauldera, which is much bigger than Yellowstone! but its over 5 million years since Scotland was affected.
( I only discovered this feature recently, it is scary, but benign in short time periods of say 10K years).
PS - I don't believe our generation has seen the last of ash clouds. Safest place in UK probably SE England as long as at over 20 metres, lol.. we know why.

[hectorp] 30/3/2011 08:42

Off topic
Ned - no need - no cotton or wool in thermal materials these days! I also store tatties in the garage.. no mice. You will have gathered the car never gets in. I Do have a kitchen sink ( operational) for cleaning the plantpots.
-
I see the share up today, amazing.

[thorpematt] 29/3/2011 21:04

I've been hoarding shares in KAH for some time now - you just never know when they might get really expensive to buy in the future...

[thejonah] 29/3/2011 20:56

Hoarding in the garage may attract the mice - beware!

[ned] 29/3/2011 13:53

Case for New Nuclear plants stronger than ever.


O/T

If you're hoarding clothes don't forget the mothballs!!

[nielsc] 29/3/2011 11:50

Hectorp,

o/t
My wife thinks I am a bit mad, but it does make sense.
Have several large boxes (10kg) of washing powder in the loft.

Apologies to all the other KAH holders on this BB.

I think I'll start a HOARD bb to discuss stuff like this ;-)

Cheers,
Niels

[hectorp] 29/3/2011 08:30

I used to think hoard? cans of food etc.. and silver.
Buy a large bundle of good thermal vests eg 50-60 of them from a cheap Outdoors outlet, for £7 each or less and stack them in the loft etc. In hard times each one could be bartered just as a silver coin might. In harder times, thermal vests etc will be worth much! more.
If 'times get tough' but the internet still exists E-bay will come into its own.

Rock salt? yuk, but, if you need the salt for food at some future time, just boil it in water and leave it to evaporate. er.. you might need a 2 burner calor gas camping stove and a couple of gas bottles...

[grahamg8] 28/3/2011 14:47

Got a bag of rock salt left over from Winter. Perhaps I should become a dealer. Sell for £1 a wrap on the street?

[jonny flame] 28/3/2011 13:42

OT - apparently there has been a run on salt and then soy sauce in China... LSE listed small cap food producer China Food Company (CFC) has recently expanded it's soy sauce production factory in China....



Radiation fears prompt buying of salt
By Wang Jingqiong and Li Xinzhu (China Daily)
Updated: 2011-03-18 10:22

'Here's soy sauce'

..."The crowd rushed toward the soy sauce. One woman grabbed five bottles and complained, "Who knows if you can get salt tomorrow? Soy sauce is salty; better to store some in case."

[ronnie corbet] 28/3/2011 12:17

Good uranium article



Important points

"...425 of the worldís 443 nuclear power reactors are still operating. China, Russia, South Korea, and the United States have announced they will press forward with ambitious plans for increased electricity output from nuclear power. These countries have been driving the nuclear renaissance along with India. It seems certain there will be delays in plant design, permitting, and construction around the world. Capital costs of new plants will increase as we learn from mistakes made at Fukushima."

"In 2010, mines supplied about 70% of overall uranium demand. For years the shortfall of mine supply has been met by sovereign stockpiles and secondary supplies, mainly thru conversion of Russian heavy enriched uranium into nuclear reactor fuel. Stockpiles and secondary supply are declining rapidly with the Russian program scheduled for termination in 2013."

"All facets of the worldwide nuclear power industry including sovereign companies, utilities, index funds, manufacturers and suppliers, and uranium producers, developers, and explorers were hit by panic selling and market turmoil in the past week. They likely will be strongly oversold and present good buying opportunities in the short term. In my opinion it is still too early to make a bottom call on the sector. However, putting in stink bids and patiently accumulating as the market rises and falls is always a legitimate strategy if you like the long term viability of an exploration or mining company."

[hectorp] 26/3/2011 11:51

So having taken my eye off this some thoughts:
- If I were the main company in which Kalahari is 43% invested, I'd want to change my constitution at an EGM very soon to forbid sneaky buying-in by third party future bidders. You can see transparently what the clever Chinese are attempting. However as they may indeed do so, would China then not walk away from Kalahari? very possibly ! Again ironically, what is in our Board's best interest at the moment may not be in the best interest of a large number of OUR shareholders as they may be dually invested!

This is a very hoary situation pressed on us by those with different interests, the Chinese I see in hostile terms in this instance, and very hard indeed to see the outcome. This is not simple, and so I would not be too happy with Kalahari at the present moment. Accordingly I am not staying in at present and will monitor closely.

- Don't do it Pikey! is my advice.

[bene449] 25/3/2011 17:14

finished at the high of the day. Roll on next week.

[bene449] 25/3/2011 08:57

looks like a good day. Get past 250p, and we could be flying.

[nielsc] 24/3/2011 15:30

Gero,

Great find. What a nonsense using the Japanese nuclear crisis, which seems to have been pretty well handled and not caused anything like the problems the Tsunami has caused in the region, as a stick to try and beat the price down.

Hopefully they will realise that they will have to go with 290p. Hopefully this may give Rio some more time to present a counter bid.

Cheers,
Niels

[gero67] 24/3/2011 14:36

Extract holds firm on Kalahari deal

Australian Financial Review
PRINT EDITION: 25 Mar 2011
Angela Macdonald-Smith

Extract Resources chief executive Jonathan Leslie is confident about uranium demand growth in China and sees little risk of China Guangdong Nuclear Power backing away from its $1.2 billion move on Extract's biggest shareholder.

The nuclear crisis in Japan may well slow reactor building plans in Europe but China, the main growth market, would probably still rely heavily on nuclear power, Mr Leslie told The Australian Financial Review .

That meant Extract's huge Husab uranium deposit in Namibia was as strategically important as ever, he said. "I would be very surprised if nuclear was not a large part of China's energy mix going forward, which translates into the need for a huge amount of uranium."

China Guangdong's bid for Kalahari Minerals, which owns 42.8 per cent of Extract, was "very hard evidence" of the attractiveness of the Husab deposit, he said.

Mr Leslie's comments came amid speculation that China Guangdong would use the Japanese nuclear crisis to cut the price of its proposed offer for Kalahari, just as Russia's ARMZ this week shaved at least 12 per cent off its takeover bid for fellow African uranium explorer Mantra Resources.

Both Kalahari's and Extract's shares have crashed since the Japan quake, although Perth-based Extract has recovered almost half its lost ground, closing yesterday at $8.23.

But Extract's shares are well short of the circa $10.75 see-through value from China Guangdong's 290 pence ($4.65) per share proposed offer for London-listed Kalahari.

But Mr Leslie said he did not see many parallels between the ARMZ bid to China's move on Kalahari.

"This is a strategic move, it's not a trading opportunity," he said, noting that the cut in the price for Mantra was in any case a "pretty modest reduction", far from the "armageddon event" some had depicted.

Prior to the Chinese approach to Kalahari, Extract had been negotiating with another of its major shareholders, Rio Tinto, on the joint development of Husab, using Rio's adjacent Rossing mine in Namibia.

Rio is keen to get access to Husab, a deposit formerly known as Rossing South, and any backing away by China Guangdong from its proposed bid runs the risk of Rio elbowing out the Chinese.

"I would think it would be a dangerous move for the Chinese to try to renegotiate because it just opens the door for Rio to come in," said Warwick Grigor at BGF Equities.

"People are chasing quality assets just as they were before and Rossing South is one of those assets," he said.

China Guangdong is understood to be focusing on securing regulatory clearances for its bid so it can proceed with a firm offer for Kalahari. That would then most likely be followed up with a bid for Extract.

Meanwhile, Extract is proceeding "full steam" on its feasibility study for a stand-alone development of Husab, due to be released by the end of the month, Mr Leslie said.

He acknowledged that the drop in Extract's share price could make the stand-alone option more difficult for Husab, which some analysts estimate will cost more than $1.5 billion.

But the talks with Rio, the Chinese bid for Kalahari and the presence of Japan's Itochu as a shareholder in both Kalahari and Extract mean Extract has a range of other options for financing the mine, he said.

"We're lucky because we have more options than most," Mr Leslie said. "It goes back to the strategic importance of the project."