Kalahari Minerals Share Discussion Threads

[nielsc] 31/5/2011 09:46

The Chinese commitment to increasing nuclear power output dwarfs any European changes in nuclear power usage.
The Chinese will not be building nuclear power stations without having a carefully thought out plan on supply of uranium for these plants. Remember the uranium supply for nuclear power plants is a pretty small cost of getting a nuclear power station built.

Cheers,
Niels

[kinbasket] 31/5/2011 09:35

Interesting Bloomberg article suggests the exit from Nuclear would add 225 Euro to he average three person household bill. Industry is none too happy with Merkel as German electricity prices are already high. The last thing the German economy needs is higher prices.

It's pretty desperate political games to try and get re-elected and a spectacular example of followship in place of leadership. Voters won't like the idea of 225 euros more on their bills so it'll be interesting to see where this goes.

[zangdook] 31/5/2011 07:37

It's Merkel politicking, not IMV likely to start a trend.

[kimball808] 31/5/2011 06:52

Re Germany, I'm reading that it is the only chance for Merkel to stay in power by forming an alliance with the anti-nuclear greens...sounds like short term political gains...IMO Wind and solar may compliment but to be relied on????

[cyfalafwr] 31/5/2011 06:33

Interesting article in the Times over the weekend about China investing heavily in research into cold fusion using isotopes of hydrogen as fuel.These isotopes present in water.Europe currently has the ITER project but the technology to produce vast amounts of energy is decades away.

Another interesting point in the article was that over 70% of China's electricity is produced from coal,over 20% from hydro electric power and a tiny 1% from nuclear fission.

[plunge] 30/5/2011 18:47

thorpy

I would not be surprised if KAH is marked down tomorrow.

bene449

I feel gas may come into vogue as a cheaper alternative over the expensive renewable energy options.

[thorpy2] 30/5/2011 18:46

According to BBC News website they have announced it is a done deal and there is no going back on the decision.However,already there are action groups expressing horror at the thought of pylons sprouting up all over the country etc.The sooner a deal is done at a realistic price the better.

[bene449] 30/5/2011 18:33

KAL will continue climbing because everyone knows that it is still going to get bought out. Just a matter of now or in about 2 months time.

As for Germany, what are they going to replace nuclear power with?

[thorpy2] 30/5/2011 18:31

Just read that Germany will abandon ALL nuclear power stations by 2022 and gradually wind down everything up till then.Any thoughts on how this will affect Kalahari ? Can't be good news.

[zangdook] 27/5/2011 14:37

I see Wu Bangguo was in Windhoek a few days ago. I wonder if the subject of Husab came up.



And here's Wu taking an interest in nuclear power:

[zangdook] 26/5/2011 02:32

in view of the interest of a third party, it was
"important to Kalahari" to announce the possible
offer from CGNPC-URC and both Kalahari and CGNPC-URC
were eager to make a joint announcement to
demonstrate that the proposed transaction was
recommended;
(b) the inclusion of the price in the 7 March Rule
2.4 announcement was required by Kalahari in
the light of the third party interest which
had been publicly announced.

What third party had publicly expressed interest? Where are they now?

I was pleased to see this:

(d) The Committee has already referred to the evidence
relating to the fall in the price of uranium
and related equity markets following the earthquake.
However, it is also to be noted that Husab
is not expected to produce uranium before late
2013 or early 2014, when it is expected that
it will be one of the three largest uranium
mines in the world, and fluctuations in the
prices of commodities for a number of reasons
are not uncommon.

Of course. The whole argument that the price should be reduced is nothing but naked opportunism, and rather tasteless and unpleasant opportunism given the tragedy that made it possible.

CGNPC-URC informed Kalahari
that they would be unable to proceed at 290
pence per share due to "being unable to secure
certain regulatory approvals on the original
pricing terms"

Yeah, right.

I wonder how much of company funds was spent on this appeal.

[qackers] 25/5/2011 23:40

Hearings committee statement is worth reading. Interesting insight to the offer process

[red ninja] 20/5/2011 14:54

If no other bid in the meantime when the Chinese come back in 3 months a lower bid is a distinct possibility.

Rio can then do a JV deal with the Chinese.

[zangdook] 20/5/2011 14:50

1. CGNPC come back in 3 months time with 270p (positive for price)

and Mark Hohnen says, please have it for 250p, I want to stay on good terms with you.

[martylangan] 20/5/2011 14:23

Few possible scenarios that I can see...

1. CGNPC come back in 3 months time with 270p (positive for price)
2. CGNPC bid directly for EXT (positive for price)
3. Rio bid for EXT (positive for price)
4. Rio bid for KAH (cant see this happening personally)
5. KAH and EXT merge and list on the FTSE (positive for price)
6. Rio hold out for joint venture (no immediate short term gains but positive for price on a longer term)

other catalysts for price increase from here...

7. 'MORE' programme to increase resource size (positive for price)
8. Approval of mining licence (positive for price)

Thoughts?

[red ninja] 20/5/2011 14:09

RIO do want it, they already have a slice of it, but all they have to do is do a deal with the Chinese.

They have already been talking to them so may have stiched up a deal...

[krakow] 20/5/2011 13:29

I'd love to be proved wrong but I can't help thinking Rio don't want it. If they did they could have already done a deal at least for Zones 1 & 2. If they do want it what are they waiting for? Or maybe they'd prefer a partnership rather than outright takeover.

[grahamg8] 20/5/2011 07:55

Agree VeryMary and BeefEater. I wrote from memory rather than checking the figures. 290p recommended by Board and 270p came later as a strong indication that they would also recommend. Ball seems to be in Rio's court for a little while before Guangdong can come back. Actually come to think of it Guangdong never did approach EXT and so the time limits only apply to KAH. Well that's my interpretation of what happened. So a bid, for Extract, right now is possible and wouldn't need Rio to make a move at all. The effect on the KAH share price would be the same as a direct approach.

[beefeater25] 19/5/2011 21:54

...it was 270p

[zangdook] 19/5/2011 12:42

it is unusual for a shareholder to vote in a direction that would not be in the best interest of all the shareholders.

What bs. Shareholders vote in their own interests. There's usually a fairly large majority because shareholders usually have the same interests. Here they don't, and the board should try to forge consensus, not whine.

But as I said before, if Hohnen wants to raise capital he should stop forgiving the company's debtors.

[verymaryhinge] 19/5/2011 12:22

i thought it was 270 ?

[grahamg8] 19/5/2011 12:01

In the Neswtime article if the Rio vote was not in the interests of all the shareholders then it can only have been in the interests of Rio or Rio plus a few selected shareholders. As the article implies alone or in syndicate a takeover for Extract is possible and that would be easier if the Kalahari holding is restricted. Of course what Newstime fail to mention is that if there were a discount then it would be cheaper to takeover Kalahari first, but as Guangdong discovered they then have to bid for Extract as well.

OK so we already knew all of this and the press are playing catch up as usual. A bit of action on the share price front this morning suggests there is a still some life left in the old dog. The key is will we get above 240p which will put the Directors on the spot as they seemed quite happy to sell at that price.

[nielsc] 19/5/2011 09:15

Whats up. News out?
Rumours?

Cheers,
Niels