Member Info for Dannny

Not sure i agree no-one will buy ext / kah untill the feasability study is complete. The resource has already to a large extent been discovered, the study is confirmation. Whether the Rossing south deposit is a feasible mining project depends on your outlook for Uranium demand and the uranium price which can only be predicted based on the increasing number of nucleur reactors around the world being built. Rio have already bought 15% of this deposit so they must be pretty sure of its comercial feasability. If they wait untill the study is complete and the entire grade and scale of the resource is confirmed as the largest and most significant uranium site in the world the cost of aquiring EXT/KAH would be massivly more than they are looking at today. Baring in mind Rio already own 15% of the deposit anyway if i were them id be looking at the EXT share price at the moment as the perfect opportunity to test the waters with a $12 offer.

This has been one of my favourite shares in the past, bought in at 124p and 150p, sold around the £2 mark, frustrating when it went up to £2.5. Will keep a very close eye on this one, very good company with a good outlook. Feel like a lot of stocks are going to get thrown out before the end of the year, just going to sit on the sidelines for the monent and see what happens.

If you were rio and wanted this asset surely youd be looking at the current subjued price of EXT and KAH and see your oportunity to buy now you would think. Gonna be much harder to aquire them once EXT goes on its next surge.

Many people seemed to view rios comments last week as negative that their rossing mine could support uranium at current levels untill 2023 if exploration of their site yields further finds, i dont really see it that way. The statement clearly indicated their intention to aquire rossing south, the attempt to play down their need to take this asset seems tactical. Firstly Rios their current resources at rossing being supported untill 2023 is based on discovering more resource which is speculative. Secondly their resource only lasts untill 2023 at current production levels which are low yet the demand for uranium is quite clearly set to rocket with all the reactors arround the world being commisioned and coming online from 2010 particularly in china & india. Thirdly 2023 may be 13 years away but Rossing South is still 2-3 years away from going into production. Rio have said they want Rossing South but are unhappy at the price valuations being placed on it by leading stakeholders, presumably dattles & KAH. Makes you wonder if EXT's price has been walked down to $8 for a reason. Rio may publicly be saying there is no rush to aquire the rossing south asset but they must know if they wait 1-2 years the resource estimate will have been increased significantly, the uruanium demand and price will be increasing at a pace and its going to cost them far more to inevitably take what they need than it otherwise would have done.

Anyone know if someone mounted a takeover of KAH would they then be obligated to make an offer for EXT??

Down 1%, i really just dont get it at all. Im trying to get my head around the markets understanding of the situation and developments. Maybe KAH are seen as a takeover target but not EXT, but then why would anyone want to take KAH's 40.8% share unless they wanted all of EXT? Maybe because EXT are persuing partners the markets sees they are not capable of going it alone and are not in the driving seat. If they 'need' a partner im sure they will find one with ease but have they weakened their position and hence sp valuation by declaring their need for a partner. Its all i can think of.

More good positive news, hopefully movement here today is a sign of whats to come for EXT when it opens.

Im in Extract pretty big at $8.88 so not to concerned at the moment, got a bit of KAH & Polo as well for good measure. Really not interested in joint partnerships though, EXT should sell up at $12-14 to Rio or the chinease. Would rarther just cash in now and deploy profits elsewhere.

Extract have reported news that they have been inviting potential partners to submit details of what they could bring to the table to move the project forward. Just wonder if this may be what has caused the retrace of late, although i can only see it as a good thing that production seems to be getting closer & closer. Perhaps investors are worried about EXT's position / valuation being weakened with another partner involved. On the flip side any parties that have takeover plans surrounding EXT and have been sitting and waiting may have little option but to make their move pretty quickly now.

So no one knows why this has risen so sharply today then?? Tmoro will be interesting

Have to admit with other shares i end up short term trading but ive made a decision now to simply tuck my EXT/KAH/POLO shares away for as long as it takes. Ive shortterm traded this on on quite a few occasions but i feel more nervous now being out of this whole rossing play than i do being in it, albeit very slightly down at the moment. Ive such faith in this play id be pig sick if it ever kicked off and i wasnt in. $15 for EXT & £3.00 for KAH is a formality in my opinion.

Kalahari have increased their EXT holding again today apparently, only days after Polo also increased their holding. With Dattles buying last week you do just get a feeling that something is about to kick off here very very soon.

Just noticed EXT on toronto exchange was up 12%, not sure if thats current of from fridays close though?

Promising signs again from KAH, will be interesting to see if EXT follows suit tonight. Can see Nuclear potentially becoming the next bubble to form, certainly within the commodity market, copper and nikel look possibly overbought now or at least dont offer that great value for money in my opinion. The gold rush is pure speculation, fundamentally oil should be $50 a barrell. Nuclear is the most attractive play around at the moment. Taken on a bit of a risk with the % of my posrtfolio tied up in EXT/KAH & Polo but feel pretty confident long term will be very lucrative. Just regretting not topping up here at 170p last week but with ext down as low as it dipped was expecting this to dip at about 155p, never happened.

Been watching this for a long time looking to get back in after selling too soon earlier this year. As others have said this is a well run company who have been growing at an impressive pace, likely they could resume a healthy div next year.

Now looks a good time to top up in KAH before this flies back to £2.15 resistance what with EXT on the move and gaining support again.

Get in quick, im stuck in at $8.88 so down a tad at the moment, still shocked at low low its fallen against a backdrop of constant good positive news releases. Still feel certain long term you'll net $15 back on it with ease.

Relief to see EXT stabilise and bounce, hopefully thats the bottom for that one, people will pile in quick on ext if it looks like things are developing.

Starting to concern me that these seem to be moving out of sync with each other, cant understand why? Feel one of them is going to get corrected.

The only concern i can possibly find with EXT/KAH, is the mention a few weeks back of possibly raising capitol to fund the project themselves. If EXT came to the market to raise $500m and get the project off the ground it would be a big cashcall and costly to shareholders, would certainly give the sp a hit shortterm but longterm your still going to be raking it in. I bought quite big in EXT this week at $8.88 as feel true value at the moment is around $9.50 rising to $15 as resource estimates continue to be upgraded and project is fasttracked. Would not be too surprised if EXT falls back a bit further, be surprised to see sub $8 though. I would not be interested in EXT going it alone, they should be activly sourcing a buyer now, T&A's are going to be rife next year, especially as some of the miners 'big' takeovers have failed and they have hinted their strategy will be to pick up smaller aquisitions. Everyone cites Rio because of their current 15% stake here and their other local interests and infastructure in the area and they would be the obvious choice but there must be companies queueing up to take a resource of this quality and a bid from anyone would spark a bidding war. $15 is all im after, come on Rio.