Member Info for fireheart1

Must be, I didnt check hot copper this morning, it seems to track the ASX listed price, hence the overnight buys keep popping in..

What I did read before I purchased.. http://www.meetpie.com/modules/newsmodule/NewsDetails.aspx?newsid=12064

Small share capital, which means each buy will push the price, I had to pay 47p...

Just done a neg trade on these.. Plus a seasoned trader topped up, who has the golden touch... http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2151646&source=RNS

The mine is aiming for production status between 2011 and 2012. Deep Yellow’s subsidiary, Reptile Uranium Namibia, is also still busy with feasibility studies at their Tubas/Tumas project near Langer Heinrich. IHN expects the uranium price to increase in the future. However, they also expect future global market conditions to impact on the local industry. “The state of Namibia’s uranium market is wholly dependent on the global outlook of the nuclear power generation industry,” IHN says. jo-mare@namibian.com.na

They’ve extended the lifeline of the mine to 2021 and expects to increase nameplate production capacity to eight million pounds in 2012. Langer Heinrich, Paladin Energy’s open cast mine about 80 kilometres east of Walvis Bay, plans to boost annual production from 2,6 million pounds to six million pounds in the next four years. The mine also intends to increase its current workforce of 360 by 20 per cent this year. Forsys Metals Corporation’s Valencia mine is scheduled to start production during the second quarter of next year. It has a lifeline of ten years and will produce 2,9 million pounds of uranium oxide per year. Full production at Areva Resources Namibia’s Trekkopje mine is expected to start in 2011. The mine, with an anticipated lifeline of 11 years, is expected to become one of the world’s ten largest uranium mines when it reaches full production of eight million pounds of uranium oxide per year. The mine will probably also be one of the top five low-cost opencast mines in the world, IHN says. The Rössing South deposit of Extract Resources is regarded as a world-class deposit and production could start as early as 2012. The final feasibility study of Bannerman’s Etango project will be finished by the end of this year. A mine development decision will follow in the first half of 2010. If approved, the mine will start in 2011. Feasibility studies are still underway at Marenica, West Australia Metal’s project next to

This is nearly double Namdeb’s workforce in its heyday. Uranium exports in 2007 totalled more than N$4,1 billion, 168 per cent up from the previous year, representing 16,5 per cent of Namibia’s overall exports for the year. Growth continued last year, with the export value of uranium increasing by 31,4 per cent to N$5,2 billion. According to the Annual Report of the Bank of Namibia (BoN), the global economic meltdown has not hurt the uranium sector as the world still demands clean and cheap energy, and also because a number of nuclear power stations are already under construction around the world. The competitiveness of uranium as an alternative energy source has convinced many countries to revisit their energy programmes in favour of the commodity, the BoN observes in their latest Quarterly Bulletin. “These factors have enticed the (local) industry to improve production efficiency that has lead to record high volumes produced during the fourth quarter of 2008,” the BoN reports. These positive developments are despite the fact that the uranium spot price dropped by 65 per cent during 2008. Rössing Uranium has already indicated that they are not deterred by the economic turmoil and erosion in uranium prices. “The mine foresees excellent opportunity in a greener world,” Nakatana says in her report. Rössing produced 33 per cent more uranium oxide in 2008 than in 2007, due to higher ore grades.

NAMIBIA has overtaken Russia as the fourth biggest uranium supplier in the world, on track to meet its target of becoming the world’s third largest supplier by 2015. According to a report by Cameco, the world’s top uranium producer, Namibia accounted for ten per cent of global uranium supply last year. Russia supplied eight per cent, while Kazakhstan and Australia each supplied 19 per cent. The biggest supplier in the world was Canada, with 21 per cent. The news comes as the sparkle in the local diamond industry continues to dull and Namibia increasingly counts on uranium mining to put some lustre back into its gloomy economy. “Given the addition of new mines that are expected to come on board in the next couple of years, the Namibian uranium industry has considerable potential to perform much better,” Luise Nakatana, market analyst at Investment House Namibia (IHN), says in a new report on the sector. Uranium means huge sums of money for investments. Trying to ease fears of a prolonged economic meltdown, Old Mutual Namibia Group Economist Robin Sherbourne recently highlighted multibillion-dollar projects that are expected to drive Namibia’s growth over the next five years. Of these, some N$17,2 billion stem directly from the uranium industry. Mega-investments in uranium projects also means lots of job opportunities. According to IHN’s estimates, the uranium sector should employ nearly 4 310 workers within the next five years.

Excuse me.. Ramping for my own plight I'm not ramping here, if you dont like the stock bu@@er off, to put it one way or ignore me.. If I have some info to share I will share it, if I dont like a stock I will say it.. Simple as that... I'm not bothered if this stock falls, as I know long term it will be OK.. And thats why I'm here long term.. Nice first post...

And this is what I was talking about with a new board member to BKY via PRL... http://www.tradingmarkets.com/.site/news/Stock%20News/2291586/

EML holders have a read of this... It's good.. http://www.forbes.com/2009/04/17/clinton-sergei-kurzin-opinions-contributors-sidorov.html Then the second part.. http://www.forbes.com/2009/04/17/clinton-sergei-kurzin-opinions-contributors-sidorov_2.html

In my eyes the quality of the Zinc and the fact that a take off agreement was snapped up long before the mine is in production speaks a good investment to me.. I'm not 100% sure when the previous license holder gave it up, but wasnt it during global hard times, in the late 1980's. From speaking to the directors the mine has still allot more to give, and as you say global warming has helped to reveal more...

I second that, been there, and managed to get out on a bounce after a long wait... Feel lucky to do that.. Too big a share capital..

Was reading a few posts on hotcopper about PRL as well, seems they just signed a agreement with ACB (and a few mins ago it was released via RNS to the AIM, ACB an ASX uranium producer). They now have 11.3% of BKY and a seat on the board (BKY again ASX company focused on uranium in Spain) PRL very busy at the moment...

As mentioned below it seems that all the Dattels / Mellon companies in public and private hands are going to hold a stake (hence your comment on ASX rules to the % held), with a Dattles / Mellon Limited company (as per link below) also purchasing PRL, this makes the game more interesting. You know how shrewd the two men are, and you are following them, which is the right move.. I just see them giving the EML holders PRL stock to conciliate the KAH and EXT holding.. My view and I may be wrong, but we will see.. Very easy for PRL to add more share capital (they have done it several times already, hence the massive current figure)

The holders in EML are involved in the game, but the directors of EML, PRL and the other holding companies are going to be very rich. It seems that each one of the Dattles / Mellon, limited, public limited holding etc are building a stake each. And very interesting they are purchasing PRL as well, which is a defensive move to keep hold of the PRL controling stake.. Hence my thoughts that PRL will make the move to bring the KAH stake to one company..

I'm going to make an educated guess here with my business hat on. PRL will make an offer for EML in the not too distant future, thus gaining a large control of KAH with the combined holding. This is taking into account that EML have not got the cash to purchase much more in this poker game

Did you read all the bits for the directors and the holding they each have in each.. Quite interesting..

Read this, and look right at the bottom to see who the directors are.. http://www.regentpac.com/ICMServlet/download/13-686-1095/EAnnt-KalahariMinerals&PoloResources(05May2009).pdf

Yes, I like it.. have a look at hot copper, some of the posters have been in contact with the MD and the talk of good prospects for the next project , which is gold .. I'm aiming to build a nice stake here... Was waiting for a gap to get in, which was getting close but the overnight trades keep beating me to it...