Kalahari Minerals Share Discussion Threads

[nielsc] 08/10/2011 00:41

I'm pretty sure a bid is coming. Just when and the price are unknown ;-)

Cheers,
Niels

edit: althought 270p seems a pretty easy guess.

[martylangan] 07/10/2011 23:38

Lets see what happens on Monday. Be interesting if there is a bid first thing Monday...

[stu31] 07/10/2011 16:46

I'm referring to this on 6 Sept



fact is that anyone trading press tips would be in the poor house very soon for obvious reasons..if anyone knew for a fact that a bid was coming 1) they'd be piling in as much as possible and keeping schtum cos it's free money and 2) by putting it in the press you would be opening yourself up to possible prosecution for insider trading

95% of city rumours are just that and put out by unscripulous people for their own ends..whether a bid comes or not we can be sure that no-one in the city that knows is talking to the press

[nielsc] 07/10/2011 16:28

From what I remember the last time there was a rumour the bid from CGNPC did appear.

I would say that a 270p bid from CGNPC would not be a great surprise. It is how things unfold after that that is of interest. Surely they aren't going to get KAH for a low ball offer like that!

Cheers,
Niels

[junkax] 06/10/2011 19:37

Hey Harlee, why do I always think of horse riding on a beach when I see your name? :)

[stu31] 05/10/2011 16:18

thanks for the post harlee, good to know talks continue..

[zangdook] 05/10/2011 16:10

The company is APAC Resources. I don't understand the bit about $200m. If they mean US$ or A$ it's not enough to buy KAH but it's too much to buy APAC's stake. If they mean HK$ it's not enough to do anything.

APAC have 25.5% of Mt Gibson and want to gain control. They want to sell their KAH to raise cash to fund this - the discussion of Australian tax is relevant to APAC and Mt Gibson rather than CGNPC and KAH.

edited

[beefeater25] 05/10/2011 15:03

I wouldnt be surprised if CGNPC now wait for the mining licence (due anytime between now and less than 2 months) then launch a 280-300p bid.

Im 100% convinced they definitely still want it. A 280p bid would still be appealing to some parties, considering the other investments they could get for their money.

I also still think Rio will enter a bidding war, (up to 350p?) BUT only if the Chinese enter the arena first. This would make sense why the normally sensible KAH board were so keen to accept their bid.

Otherwise, without the initial bid, there is a BIG chance of a JV being formed between Extract and Rio.

Thoughts?

[harlee7] 05/10/2011 13:33

Hi all, long time no hear......

I thought I would share this with you all. Its a post I found on another site. I thought it was very interesting....

My New Theory, Chinese and Hohnen have all gone quiet about the possibe takeover. This will place doubt into shareholders minds and with a weakening share price due to shorters, this will flush out sellers so they can pick up as much cheap stock as possible prior to a take over bid.

This is probably what some of the cross trades are for, make us all lose faith and feel we have to get out.

Harlee


Found this article:


It is some days old and it needs translation, but some company (can't make out its name) who is in Iron Ore is supposedly in a deal with GNPC to sell its 14.7% share in Kalahari to them, could this be why it's share price has been slipping lately?

Here is a paragraph translated by Google:
"Wang Lishan said the group intends to sell 14.7% of Kalahari Minerals hold income holdings of Mount Gibson to pay the funds required. She said that currently China Guangdong Nuclear Power Group (CGNPC) intends to spend $ 200 million purchase of the Kalahari, but the two sides is in talks."

Also an interesting paragraph regarding Australian Politics and the mining tax:
" Asked about the Australian Government will implement the mineral resource tax impact on the company, Chief Executive Officer of Feng Jiaxin frankly, the taxes have an adverse effect on the company, but it is difficult to predict its impact on profits. He pointed out that the Group will consider the future political stability in the region looking for investment opportunities, such as Mongolia."

What do people make out of this article?

Both parties have been very quiet.

[harlee7] 05/10/2011 13:32

Hi all, long time no hear......

I thought I would share this with you all. Its a post I found on another site. I thought it was very interesting....

My New Theory, Chinese and Hohnen have all gone quiet about the possibe takeover. This will place doubt into shareholders minds and with a weakening share price due to shorters, this will flush out sellers so they can pick up as much cheap stock as possible prior to a take over bid.

This is probably what some of the cross trades are for, make us all lose faith and feel we have to get out.

Harlee


Found this article:


It is some days old and it needs translation, but some company (can't make out its name) who is in Iron Ore is supposedly in a deal with GNPC to sell its 14.7% share in Kalahari to them, could this be why it's share price has been slipping lately?

Here is a paragraph translated by Google:
"Wang Lishan said the group intends to sell 14.7% of Kalahari Minerals hold income holdings of Mount Gibson to pay the funds required. She said that currently China Guangdong Nuclear Power Group (CGNPC) intends to spend $ 200 million purchase of the Kalahari, but the two sides is in talks."

Also an interesting paragraph regarding Australian Politics and the mining tax:
" Asked about the Australian Government will implement the mineral resource tax impact on the company, Chief Executive Officer of Feng Jiaxin frankly, the taxes have an adverse effect on the company, but it is difficult to predict its impact on profits. He pointed out that the Group will consider the future political stability in the region looking for investment opportunities, such as Mongolia."

What do people make out of this article?

Both parties have been very quiet.

[zangdook] 04/10/2011 09:14

this morning

That article is from last Thursday. The quotation is from that day's interims. Better luck next time.

[lucky_punter] 04/10/2011 08:47

Kalahari Minerals (LON:KAH) said this morning it is focused on "achieving value for all stakeholders" as preparations continue to bring the world class Husab uranium project into production.

[red ninja] 01/10/2011 14:38

Niels,

You could be right.

[nielsc] 30/9/2011 22:31

Red Ninja,

Classic game of boring holders out. Wait long enough for the price to slide so that an offer of 250-270p will be jumped at by newer perhaps less demanding investors or possibly just the disillusioned ones left.

Cheers,
Niels

[red ninja] 30/9/2011 15:48

For me it's disappointment that the interims didn't have any hints about a new offer.

[zangdook] 30/9/2011 09:21

Is this weakness just general market weakness plus disappointment that the interims didn't have any hints about a new offer?

[kimball808] 29/9/2011 08:44

Yep, please don't say they droped the break fee on nothing more concrete than a hope...

[zangdook] 29/9/2011 07:56

Interims out.

The loss for the half year of £11.9m would have been less than £5m if they had taken the break fee from CGNPC. The only possible reason I can see for not taking it is if CGNPC had given a firm assurance that they would make a new offer as soon as the three months were up. Since they haven't, where's our money? It amounts to nearly 6% of net assets.

I'd like to know how much of that £11.9m was spent on work for the CGNPC bid, and how much was spent on other work that was cancelled in favour of pursuing the bid.

[wanttowin] 28/9/2011 17:02

This has to be the most boring share I hold, waited so long for the much hyped " take over bid " that I am starting to feel that I couldnt care less. Will be selling mine if nothing comes about in the next couple of weeks, the only bonus is at a small loss only....

[zangdook] 28/9/2011 08:52

Fordtin

Marben100 has also kindly provided the following links to some of his research;

you might want to check those links :-)

[tebbin] 28/9/2011 08:24

What we really need now is the issue of the Mining Licence which was applied for Dec 2010.... 9 Months ago...This is going to hamper progress with the developement of the mine.....

On 14 July 2011 they had approval of the linear infrastructure EIA and this programme of Roads and buildings etc, cannot be implemented until the ML is granted...I would have thought this would delay the production start date.

We are due another resource update in the 1st half 2012.......

The reason KAH and Ext seperated was to stop a predator only having one target and obtaining the assets too cheaply....I suppose the situation could have changed..

[zangdook] 27/9/2011 12:59

I hope, but doubt, KAH and EXT are talking about a merger and move to the LSE main market again. That would benefit all holders, IMV, and would show potential bidders that time is moving on without them. I would ask but KAH haven't replied to the last time I asked.