Kalahari Minerals Share Discussion Threads

[kimball808] 28/4/2011 13:57

Confident the deal will go through at 230p???

[grevis] 28/4/2011 13:52

From today's RNS, JP Morgan seem very confident that matters will proceed to a profitable conclusion, so why the drop in the share price?

28/04/2011 11:17 UKREG Form 8.3 - Kalahari Minerals Plc

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1.KEY INFORMATION
(a) Identity of the person JPMorgan Asset Management whose positions/dealings are being disclosed:
(b) Owner or controller of interests and short N/A
positions disclosed, if different from 1(a):

(c) Name of offeror/offeree Kalahari Minerals Plc in relation to whose relevant securities this form relates:
(e) Date position held/dealing undertaken: 27 April 2011
(f) Has the discloser previously disclosed, NO
Class of relevant security:
Interests Short positions
Number % Number %
(1) Relevant securities owned 15,007,314 6.11
and/or controlled:
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL: 15,007,314 6.11

3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)Purchases and sales

Class of relevant Purchase/sale Number of securities Price per unit
security
Ordinary Share Purchase 4,000 2.4368 GBP

[kimball808] 28/4/2011 13:29

shame the share price does not reflect that...

[cootuk] 28/4/2011 12:35

Here's a more benign report of the same viewpoint, and it looks like the one day workshop recommended nationalisation as they don't really have a budget.

[pal44] 28/4/2011 11:37

Ot guys anyone on THR it seems to have peaked up today ..

[zangdook] 28/4/2011 11:31

It's not clear whether this is intended to apply to existing licences or only to new applications. It sounds as though the policy hasn't been entirely worked out yet; presumably furious lobbying is going on behind the scenes.

[krakow] 28/4/2011 11:22

Not good. I wonder if Marben has any comment on this. He's been strangely silent of late.

[pete_bain] 28/4/2011 08:37

yeah this stock is being shorted and these days thats enough to drag the price down. top up potential in my book

[kimball808] 28/4/2011 08:11

quite a drop on no news...something to be released???

[zangdook] 26/4/2011 01:51

On Minmetals' bid for Equinox:

"The company's bid was unsolicited, rare for a Chinese player."

I wonder about the likewise "lowball price" offered here.

[martylangan] 18/4/2011 09:23

Nuclear still main alternative to oil: ex-IAEA chief

The former head of UN atomic agency voiced confidence Sunday in nuclear energy as the only real alternative to oil despite a potential "setback" in the sector due to Japan's current disaster.

"Today, nuclear power is the only real alternative to fossil fuel as a source of a reliable supply," said Egyptian Mohamed ElBaradei, speaking at the opening of the Dubai Global Energy Forum.

ElBaradei, who stepped down as the head of the International Atomic Energy Agency in November, acknowledged that confidence in atomic energy has taken a severe blow after the tsunami-triggered disaster at Fukushima Daiichi nuclear power plant.

"Fukushima represents a potentially significant setback for nuclear power," he told participants in the forum, stressing, however, that confidence will be "reestablished in due course".

The six-reactor nuclear power plant at Fukushima Daiichi, located 250 kilometres (155 miles) northeast of Tokyo, was hit by a 14-metre (46-foot) tsunami on March 11, triggering the world's worst nuclear accident since Chernobyl in 1986.

"Chernobyl and Fukushima should be shown to be aberrations," he said.

ElBaradei is now a prominent pro-democracy figure in Egypt, and is a potential presidential candidate after protests forced former president Hosni Mubarak to step down after ruling the country for three decades.

[tebbin] 18/4/2011 08:43

Steve Gallooway expects a turn over in 2014 of 15mlbs X US$65 = US$975m which is more than the Chinese were offering KAH for 42% of the whole project....



Extract confident of clinching mining licence for Husab.

EXTRACT Resources, which plans to develop the Husab uranium project – also known as Rössing South – is confident the company will obtain a mining licence from the government soon, chairman Steve Galloway said in Windhoek on Wednesday.
"We applied for a mining licence on 10 December last year. We have no idea how long it will take before we get the licence. But the Government has been supportive of the project and we are confident that will not be a problem," Galloway told journalists and stakeholders.
The mining licence is a crucial step before shareholders make a final decision on the project in June this year, Galloway said.
Extract expects Husab to become the third largest uranium mine in the world, producing about 15 million pounds of uranium ore a year.
In comparison, Rio Tinto's adjacent Rössing Uranium mine produces about 9 million pounds of ore a year.
"Rössing is a big elephant but Husab, will be an even bigger elephant," said Galloway.
Galloway said shareholders will have to raise initial capital of N$12 billion required to bring the mine on stream.
"The rest of the capital for the mine will be raised from debt and equity." Construction of the project will start within 33 months of shareholders approving the project. NamPower and NamWater have both given the assurance that they will be able to supply both electricity and water to the mine, Galloway said.
Extract is also holding talks with NamWater and other uranium mines to build a second desalination plant in the Erongo Region. Namibia's uranium mines are located in the Namib Desert, which has limited water supplies. Areva Resources last year opened a desalination plant extracting water from the Atlantic Ocean for use at its operations.
Galloway said Extract forecasts a uranium price of US$65 a pound by 2014, when it starts production. – [e-mail] This e-mail address is being protected from spambots. You need java script enabled to view it






© 2010 Windhoek Observer. All Rights Reserved.

[cootuk] 16/4/2011 02:14

www.rsc.org/chemistryworld/News/2011/April/13041102.asp

Newly retired director of China's National Energy Bureau believes Fukushima will not alter China's nuclear policy.
Apparently the leading nuclear energy groups in china have approx £75bn in bank credits so their banks are in pretty deep if china doesn't go ahead with the builds.

[tebbin] 15/4/2011 15:41

EXT quarterly report is out on the ASE.....

EXT who have not had an offer, and are going about their business of bringing Z1 & Z2 into a producing mine......

They also state they will release an update on the resource during Q2 2011, which will no doubt increase the Ilbs of uranium....With the amount of drilling they have carried out over the last six months, an update from AUG 2010 will be significant.....

[bonanza grades] 15/4/2011 08:48

thanks for the reply zangdook

i'm sure you're smart enough to realise what a great sign that is, wadr 'stale bulls' selling

i'm doing some digging but early indications are positive and suggest the chart and fundamentals may start positively confirming each other soon

[tebbin] 15/4/2011 07:43

Rio is back on the aquisition trail........

Anglo-Australian mining company Rio Tinto PLC (RIO), fresh from securing control of coking coal producer Riversdale Mining Ltd. (RIV.AU), has committed itself to further acquisitions in addition to organic growth.

Rio's board has earmarked a further US$13 billion in capital expenditure this year and Chairman Jan du Plessis said the company will also continue to invest in "carefully targeted" small- to medium-sized acquisitions.

"Riversdale Mining, the Australian-listed company with strategic coal interests in Mozambique, is a good example of this," du Plessis said the text of a speech he delivered Thursday to shareholders at the company's annual meeting in London.

The company has said it will invest in and and operate large, long-term mines and its strategy will be driven by the quality of opportunities rather than the choice of commodity.

Chief Executive Tom Albanese, whose speech was also distributed Friday via the Australian securities exchange, said growth was back on the agenda for the mining company. "If 2009 was about stabilization, 2010 was about stating our broader vision of becoming global sector leaders and delivering outstanding results," he said. ............

[zangdook] 15/4/2011 04:47

BG...I just sold out of URU, before the rise, typically. I was only holding on to get the tax loss in the new year. I asked myself, would I buy in here if I'd never heard of the company before? and I'm afraid the answer was no.

[bonanza grades] 14/4/2011 12:50

Anyone here still look at URU ?

[tebbin] 14/4/2011 11:44

Good write up by KAH in the Final Results RNS.....The writer states it is a possible offer for the KAH shares by the Chinese Co...... The door seems to be open for others.....

[bene449] 10/4/2011 19:10

The Sunday Times says its a good time to buy if you believe nuclear power will make a comeback. Hopefully get a good start tomorrow morning.

[gnevans] 10/4/2011 17:32

recommended in the sunday times business comment..

[brad44] 08/4/2011 22:51

japan disaster or not, this co is worth alot more than £2.90 ps, we all know it.