Kalahari Minerals Share Discussion Threads

[tebbin] 08/4/2011 17:39

Kinbasket....Mid March after Japanese problem EXT $6.50 now EXT $8.50....
$2 on $6.50.....Looks like 30% to me.......or there about.....

They reckon in OZ $10.60 equates to £2.90 offer for KAH...so more to come

[kinbasket] 08/4/2011 14:54

From the Australian Financial review post above

Shares in Extract Resources jumped 25 percent...

Err.. mine didn't, did anyone else's ????

[grahamg8] 08/4/2011 07:42

Claire Stewart writes a nice article, pity about the detail. OK, so she's only a journalist. Mention of Husab being more viable than thought presumably refers to the DFS issued on 5 April. This had virtually no effect on the EXT share price. The most generous interpretation of the rise would be 6% (over the week), clearly nowhere near the claimed 25%. She is however roughly correct in that recovery from the post tsunami low is in the region of 31%. Interestingly if the KAH starting price is taken as 232p (overnight 4/5 April was 233.5p mid price) and add 25% you get 290p. Sounds a familiar number. Perhaps she is confusing the 'price on the table' with the actual current trading price. The most optimistic interpretation is that the bid will be confirmed, including an equivalent offer to EXT, and that her 25% rise will eventually take place. She simply reminds us all to do our own research and not take headline numbers at face value without looking to see if they have any substance.

[tebbin] 07/4/2011 17:37

Another Good post by Gero on HC:

Sun shining on yellow dirt

The Australian Financial Review
PUBLISHED: 07 Apr 2011 Online
Claire Stewart

Investor appetite is providing immediate gains for shares in uranium

companies which are achieving encouraging project success, despite elevated concern about the reliance on nuclear energy.

However, uranium plays listed on the ASX are struggling to keep pace with the larger resources peers in the S&P/ASX 200 Resources Index, mirroring the performance of global uranium shares.

Patersons analyst Simon Tomkin says that while their Uranium Index fell 29 per cent in the aftermath of the Fukashima accident, the mid- to long-term upside could be as much as 25 per cent for miners, if the commodity price reaches $US60 a pound.

Uranium stocks showing evidence of returning investor appetite this week include explorer Northern Minerals, which pushed up 30 per cent following confirmation that it has high-value heavy rare earths at its Kimberley region project.

Shares in Extract Resources jumped 25 percent after it announced that the Namibian Husab project will be more viable than initially expected. Mid-cap explorer Deep Yellow gained 8.7 per cent earlier in the week but eased in Thursday's trading.

Deep Yellow operates the Omahola project in Namibia, one of the world's best sources of uranium. New technology developed by the company has provided it with a low-energy mechanism to upgrade unconsolidated sand found in large quantities in the palaeochannels which contain its JORC resource base. It means much of the resource which would otherwise have been uneconomic to develop can now be upgraded into a suitable feedstock for its metallurgical plant.

The technology will give the company an economic advantage over miners who have no option but to spend money and energy crushing and grinding large quantities of ore to extract feedstock.

Deep Yellow estimates there is about 87 million pounds of the resource in the Omahola project. The pre-feasibility study is due to be completed by June and the $270 million company anticipates a cap ex spend of about $US330 million to bring the project to production.


Deep Yellow's managing director Greg Cochran says the indicative mine life is 15 years, producing between 2 million and 2.5 million pounds of uranium a year. "This amount is an appropriate target to ensure a quick entry to production and development of the mine while being sufficient to reduce risk and exposure for the company".

But Mr Tomkin says the market will continue to favour established players such as Extract Resources and Paladin Energy. The miners have gained about 31 per cent and 22 per cent respectively after falling dramatically as news of the disaster in Japan triggered market panic.


Mr Tomkin says the uranium space has been buoyant in the past 12 months, making it relatively simple for companies across the board to raise project capital. But he warns that once this runs out, the fallout from Fukashima will be more palpable.

He says continuing safety reviews and questions over redesigns of nuclear reactors could make banks and investors wary of extending capital. Small caps such as Stonehenge, with less than 400ppm, are particularly likely to feel the squeeze. White Canyon, Energia Minerals and Energy Ventures are also identified as being more likely to suffer over the next six to 12 months if global sentiment keeps uranium prices down.

[gnevans] 07/4/2011 13:39

Hi Tebbin

Been in BAO since I asked for a recommendation Jan 2010 on ths board. I must try and find the poster and send him a drink or two.

Traded in and out of CZA a few times, I know institutional holders who seem very comfortable with the share so will hold for now.

Still got 100,000 KAH so holding too.

What do you think will happen to the KAH holding of NRRP, will it be included in the Chinese deal, or do you think the directors will take it off their hands?

The KAH share in extract is held in Kalahari Uranium which is a subsidiary of KAH so no problem if they want to only sell the EXTRACT..

[tebbin] 07/4/2011 13:11

Gnevans......Thank you for your welcome...I have been curtailed with family responsibilities recently but it is coming to an end soon.....

I like the set up @ NRRP which has a good management the backing og cash in hand, and a good diversity of resource licences....have managed to increase my holding recently....I like BAO which I will buy into when a buying opportunity arrives...

KAH is the best buy at the moment as it has been shackled by the shorting action but will move up to the offer price of £2.90 soon ....

AIMO

[gnevans] 07/4/2011 10:24

Welcome back tebbin where have you been?

I'm still holding and traded some between 202 and 240.

Currently in here, CZA, BAO and NRRP.

I'm watching Beowulf...

What are your thoughts re NRRP?

[tebbin] 07/4/2011 08:11

Martylangan.....$1.0bln per year for 15 years and if the More program is successful even more.....$15bln plus turn over from only 2 zones before the expected increase in U spot price....

The Ext Namibian assets need to be valued on their value not on the moving average of the manipulated share price ...
The current offer for 42% of EXT is laughable

[seagreen] 06/4/2011 13:45

Little bit of a teddy bear picnic being disturbed per chance with shorts closing

[martylangan] 05/4/2011 13:29

"Updated resource estimate scheduled for release during Q2, 2011 is expected to increase mine life and result in significant additional value to the project."

Need to bring the bid back to life! Got a feeling this could be before start of May...

[krakow] 05/4/2011 13:19

Groan!

;o)

[martylangan] 05/4/2011 12:11

Surprised these havent risen m.o.r.e on this news!

[tebbin] 05/4/2011 08:09

phil1969.......Cant see any reason why it shouldn't go beyond the offer price.....
We keep reading about how the Power Plant programmes are to be reviewed, but what has that to do with EXT/KAH?...They aren't involved with the erection of any or likely to be in the future....

They are going to be selling a resource which is in demand now, and is still going to be in greater demand in the future.......Yes upwards with the share price

[phil1969] 05/4/2011 08:00

"The board of Kalahari believes that CGNPC-URC continues to look to satisfy the stated pre-conditions, as set out in the announcement of 7 March, and we look forward to being able to update the market on this in due course."

From RNS this morning.

Onwards and upwards back to 290p

[stu31] 05/4/2011 02:15

your 5 is too short imo..wave 3 took a year as did 4..so still in 5 if bid occurs..if the bid is withdrawn it's a truncated 5th

in other words you can't trade it can you

[stu31] 05/4/2011 00:52

The Extract DFS is out



now we can see another reason why the shares have been subdued recently

[extrader] 04/4/2011 13:17

Hi Hectorp,

Wave power may have some value - but needs lots of concrete (as does wind), so 'whole cycle' effective CO2 output is pretty 'ungreen'.

Whether wind or wave, still need reliable backup for when weather is uncooperative....

Re French nuclear, AIUI the prevailing winds are in our favour....;> and if Areva wants to counterbid for KAH (to get back on-topic), I shan't mind !

[hectorp] 04/4/2011 11:38

Scotland is refusing to replace the now half defunct remaining Nuclear Stations. Clearly they are trying to ensure even more alternative power such as the ruddy wind turbine abortions and the better, wave power thingys.
But there will be a problem- we won't have enough power when it is still.
Never mind we can always buy nuclear gen electricity from La Belle France.

[extrader] 04/4/2011 10:22

Hi all,

As I understand it :

- levels of radiation reported in Tokyo are half those experienced 'normally' in eithe Hong Kong or Cornwall - see latter's radon issues.....

- dosages received by worst-affected Fukushima plant workers are 100 mSieverts, compared to annual 'safe' exposure of 250 mSieverts....

Whilst not wishing to belittle the genuine issues associated with nuclear, the current level of discussion borders on the hysterical - and takes no account of the risks associated with alternatives, which seem to be curiously down-played !