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at the placing arrangements. They are allocating 5.3 million to Acoje. Acoje comes first as it is the nearest to production. That's what they are doing - they are moving Acoje into production, which will generate revenue for the next stage. Yes, big investment is needed for Caldag, but there are plenty of large cap minors or other companies that would be interested in offtakes / farm ins. Anything could happen over the next year, but one thing is clear that after the merger it will be a serious company.

I don't think it is life saving as the company is still in development. I would say that ENK can progress to production of Acoje without them and already have customers for some of it - it just means development would be at a much slower pace. OK, the offtake deal would be the best outcome, but it is not the only one. I did not say that ENK would cancel the deal, just that I think the Chinese companies appear to be a risk right now. Not providing much needed funding as per agreements at critical point is a serious matter.

Check some other sources - must be something wrong with your software or broker.

Yes, the agreements have been signed, but does it mean that ENK have to wait for ever? No, they would be within their right to chart a different course. The financing did not arrive when it was needed. Yes the agreement is still legally in place, but I suppose I should have said "breach of contract".

Explain?

At last ENK can now move forward after over a year of waiting. The Chinese companies have broken their agreements and hopefully ENK will soon be in a position to blow them off. It's clear from the placing arrangements that ENK intends to move the Acoje project into production as soon as possible - that way they will be able to generate revenue, which will then provide additional funding for Caldag.

I am doing plenty of research thanks, but it takes time. So you don't know the answer - that's fine.

Now I understand the SP movement - it's a company that is making the transition from nothing to something of worth. This share looks just like another NTOG.

Does anyone know how much oil is being produced currently from the 5 Barnett wells?

The company website does not seem to work, but is the main attraction here the Zhengeldy project in Kazakhstan? If so, why?

I'm waiting for news from GGP and KEFI in the next few weeks. I should be able to top slice them giving me some funds for this share. Merry Christmas and GL. Hope A1 is OK tomorrow.

They have included the £750,000 worth of shares paid to directors in the operating loss figure, so 0.6 mil used for operations + 0.75 mil shares = 1.35 mil operating loss. They still have 0.7 mil in the bank though. I'm quite interested in this stock and I notice that Barclays PLC has 7% of the share capital - I normally take that as a vote of confidence. I see they plan to do a follow-up campagn at Mtonya in Q2 2010 if they get the funding for it. The drill results from 2008 look quite good and at that time they planned to do the follow-up campaign this year, but it has obviously been delayed.

Did anyone see anything in the report about what they plan to do next or in 2010?

Because the law states that the company cannot issue shares at a price greater than the nominal value, they want to reduce it to 1p. Reducing it to only 1p has a lot to do with subscribers ability to pay higher prices per share and the actual share capital, so if the nominal value is 1p then it leaves a lot of room to increase the allocation of authorised shares and then make it easier for future placings. This capital restructuring in itself would not affect the market value of the shares, but allocating more new shares would. How the placings affect the market value of the shares does depend largely on the ability of the company to increase it's profitability and the value of it's assets.

Compared to mnay mining shares, EXT and KAH are very highly in demand and relatively stable in terms of the share price. The recent price drop has been quite small considering general market sentiment. Another good stock, CZA, has taken a bit of a hammering recently - these falls have been caused by worries about China credit bubbles, China stimulas measures coming to an end and the US dollar troubles, which are all having an impact on commodities. The picture will most likely be very different once the US earnings season is over and the situation in China becomes clearer - after all, China is booming. But is the Chinese economy under control and is the US economy improving fast enough?

I don't bother about technicals, but this drop looks like the normal KAH behaviour between news releases - normally the SP recovers in the afternoon when the US investers get to work.

Yes, I saw a couple of sells just over 200K. If the total value of sells is 950K, its nothing. Let us know if you see any sells go through above £5,000,000.

What amount are you refering to? It just looks like some profit taking by small investers and nothing to be concerned about.

http://www.proactiveinvestors.com.au/companies/news/2822/kalahari-minerals-says-extract-finds-new-high-grade-uranium-zone-at-namibias-rossing-south-project-2822.html

It won't be long before we get lots of resource updates from North River because they will want to show some value. Also, Zone 3 measurements will start to arrive soon. I don't think we will see the current SP again, and the future looks very exciting here.