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well spotted. nice research. I think 122p would be a fair price at present but belive that this will be reached and surpassed by the time the full results for the area presently being assayed are published by August. I belive that these results once published and resources updated ( current estimates are expected to be by Exact over 300 mlb U308 ) are still only for the first 6km of the 15 km under survey. Therefore one could presume that the full extent of the area under liscence which extends much further and wider with other ares of exciting potential is still vastly undervalued. IMHO

Shanks are completely oversold at the current sp and are in fact trading way below there lowest point over the last 5 years. There last set of results werent't great but by the sane token they were not bad enough for the sp to be laguishing as low as it is at the present time . They have followed the market down to an extent and should follow them up agian after the coming week or so IMHO

Even in view of the fact that Rossing South is flanked by projects such as Rio Tinto’s Rossing Mine, Paladin Resources’ Langer Heinrich Mine, UraMin/Areva’s Trekkopje Project, Deep Yellow’s Tubas Project, Forsys Minerals’ Valencia and Bannerman’s Goanikontes Deposits, the recently released results from this week reconfirm that Rossing South is the highest grade granite hosted uranium deposit in Namibia and the project continues to shape up as one of the largest uranium deposits in the world .

I've been into these for a long while now and have researched them in great depth, I was low on funds to top up my holding, so I took a loss on some other shares I held and stuck it in here as I feel these will give me a quicker and far better return both in the short and long term. I personnally see these as a long term play and will continue to buy on weakness. I won't however sell on rises as the prospects are so great, and the news flow is so strong and regular ,that it seems foolish to take the risk and miss the bus !!

I too topped up today at 70p . With such a good rise over the last month you will always find there is a certain amount of profit taking, but as you will notice by the buy volumes each day any free stock is quickly mopped up and with the fudamentals excellent it won't be long before we see more strong incrementation IMHO

There are numerous possibilities and scenarios with KAH now. Emerging Metals , Rio Tinto , Niger Uranium and Coronet resources all having significant shareholdings now, and the Ubib liscence area being encircled by other big mining companies Paladin, Rio, Bannerman, Deep Yellow, Forsys, Areva and China & Guandong who will all be looking at Extract/KAH resources and potential very carefully. One thing is for certain and that is that the current story has a very long way to run yet

You say " the savvy boys are pulling out for now " are they really ?? Stephen Dattels sold Uramin for £2.5 billion and has just increased his holding significantly in the last 24 hours. Maybe he isn't savvy enough !!! No mineralogical studies done either ...Perhaps it might be an idea to check out there Jan. update on there website or some of the other recent rns

Kalahari issued a preliminary exploration target of between 126 and 198 million pounds U308 in July 2008 for Zones 1 and 2; however the Company believes that there is the potential to exceed 300 million pounds U3O8. An initial resource definition of 108 M lb U3O8 for Zone 1 was announced in January 2009 and full scale feasibility work will now be undertaken to determine optimum mining and processing options. The Zone 2 initial resource is expected to be announced mid 2009.

Obviously the focus is on RIO at the moment after yesterdays rns but it is not just mining companies that want to get there hands on Uranium deposits governments do to , that is why Areva owned by the French government bought UraMin and then subsequently did a deal with the Chinese Guandong government for a 50% stake. The Chinese want more as do the Japanese and the Koreans. Rossing South is so important because at the present time only 6.2km have been tested giving a defined resource of 133.1 million lbs U3O8, this target resource is expected to reach and probably surpass 198 million lbs U3O8 by August '09. Furthermore there is still 9km to be tested along this 15km strike and yet further areas have been identified as prospective within the Ubib liscence. Allay this with KAH's other operations and who knows where this sp will go in the medium/long term. All I would say is that IMHO it will still rise significantly

I doubt very much that Rio Tinto will be able to waltz in and take over at will, for me the most interesting player in the unfolding KAH/Extract story is Stephen Dattels of Emerging Metals, Emerging Metals has a 6.29% stake that it had been building steadily. Stephen Dattels is a driver of Emerging Metals and interestingly his most recent transaction was the sale of UraMin Inc., in July 2007 to Areva, the French government-owned fully integrated uranium company for $2.5 billion. Dattels knows Uraniums value and has proved he has the recognition and contacts around the world to generate the best deal . I'm sure he has a value in his mind for KAH and will increase his stake in KAH accordingly now that RIO have started to show their hand, one thing that is for sure this story has a long way to run yet and we are only just starting to see the true value of KAH being realised

While the recent rises are welcomed , these are still painfully undervalued with exponential potential due to the brilliance of the management team and the skillfull way they have increased there stake in Exact and controlled the Exact hierachy who seemed quite happy to gift the company to Rio Tinto for a fraction of its true value based on its Uranium reserves and future proven reserves, having those who would have played to Rios tune removed from there positions , hence strengthening KAH's control of this formidable asset

I can't understand why is it that posters seem desperate to point towards a retrace to the low 40's on KAH when the recent rns and fundamentals point towards a strongthening of the sp

Kalahari is currently undertaking an exploration programme to define +250,000 tonnes of copper metal at Dordabis and Witvlei. Preliminary resource drilling at Malachite Pan and ore definition drilling at Okasewa, both in the Witvlei area, was completed at the end of 2008. All assays from this drilling are expected to be available by March 2009, when an in house resource calculation will be completed prior to having a full JORC compliant resource calculated. Results to date have been extremely encouraging and it is the Company’s strategy to establish a copper processing facility which will be fed by multiple ore sources from both projects.

Kalahari had the chairman of Extract removed and has now sought a resolution to have others removed from the board because KAH feel that this massive Uranium asset is going to be sold off to RIO on the cheap by Bob Buchanan. KAH have shown a ruthless streak in retaining the value of the Extract asset and while they are doubtless aware that at some stage they may be forced to part with this for huge recompense they are showing that this will be done on their terms and at there price. increasing there stake and securing options is a master stroke IMHO and if and when they realise there investment in Extract the funds will be in the hands of a management team with 100% owned zinc , copper , lead and gold assets . With such a strong management team I belive that they will fully exploit these options too. If however Extract are retained independently with KAH as its majority shareholder the sky surely is the limit with nations desperatly seeking future sources of Uranium.

Mark Hohnen executive chairman said the company would have no funding shortfall to build a copper mine if Extract Resources is taken over, which is a possibility. He said Rio Tinto PLC (RTP), which operates the Rossing uranium mine in Namibia, is a potential suitor for Extract, particularly if media and industry talk regarding a deal for it to sell stakes in assets for funding is accurate. According to recent reports, Aluminum Corp. of China Ltd., or Chinalco, is interested in a deal with Rio Tinto. Chinese, Indian, Korean and other investors are looking to secure multi-year supplies of uranium as they develop nuclear power plants, Hohnen said. Rio Tinto owns an almost 14% stake in Kalahari and a 15% in Extract, whose Rossing South target is five kilometers south of the Rossing mine. Hohnen said Extract is proceeding with a bankable feasibility study and could begin production by 2011, although output would begin sooner if the assets became part of Rio Tinto. Extract's resource stands at 133.1 million pounds of U3O8, he said

Kalahari Minerals PLC (KAH.LN) is preparing itself to become a minerals producer rather than an exploration firm, holding talks with potential funding partners, the company's chief executive said Monday. "We'd look to begin production first with copper," Mark Hohnen, executive chairman, told Dow Jones Newswires on the sidelines of the African Mining Indaba in Cape Town. "We're talking with possible joint venture partners," he said without providing names. "We'd like to bring in partners on the funding side." Hohnen said the London-based company, which is listed on the Alternative Investment Market, is also talking with unspecified Indian investors regarding developing a mine for Kalahari's lead and zinc assets. Kalahari currently is an exploration company with a portfolio of copper, base metals and uranium interests in Namibia. Its main investment is an almost 41% interest in Extract Resources Ltd. (EXT.AU), which owns the Husab uranium project northeast of Namibia's Walvis Bay.

Kalahari Minerals plc, the AIM listed mining exploration and evaluation group with a portfolio of copper, base metal and uranium interests in Namibia, through its wholly owned subsidiary Kalahari Uranium Limited, has, since 18 December 2008, purchased 1,463,848 Ordinary Shares in Extract Resources Ltd (ASX and TSX: EXT) ('Extract') for an average price of AU$1.21 per share. Kalahari is now interested in 84,520,985 ordinary shares in Extract representing approximately 39.73% of the total voting rights of Extract. In addition, the Company has purchased 1,856,410 options in Extract at an exercise price of AU$1 per option ('Options'), with an expiration date of 28 March 2009. The exercise of these Options will inject AUD$1.8 million additional working capital into Extract. On exercise of the Options, Kalahari will have a total interest of 86,377,395 ordinary shares in Extract.

Australian-based uranium explorer Extract Resources, in which Kalahari owns an interest of around 39 percent, reports positive metallurgical test work results at Rossing South. 'With the maiden Rossing South resource likely to be doubled in under six months, and grow beyond that, Kalahari represents one of our top conviction buys on AIM,' Ambrian says in a note. The broker keeps its 'buy' recommendation and 107 pence target price.

BG and its partner in the Brazilian offshore fields, Petroleos Brasileiro SA (PBR), are working intensively on a solution to handling the 40 trillion cubic feet of gas present in the offshore oil fields. Peak gas production from Tupi alone may be 1 billion cubic feet a day

BG Group PLC's (BG.LN) Chief Executive Frank Chapman Thursday said he is "extremely confident" that oil production from the Brazilian offshore fields Tupi, Guara and Iara is commercially viable, even below $40 per barrel oil price. Some people's doubts over the technical feasibility of oil production from Brazil's massive new oil fields, which are in very deep water and buried beneath a thick layer of salt, will be put aside when a test project on Tupi starts producing 14,000 barrels of oil a day within 12 weeks, he added. The first full production phase of Tupi, using a floating production, storage and offtake vessel pumping 100,000 barrels of oil equivalent per day by 2010 has already been sanctioned with a budget of $3.7 billion, Chapman said. Credit Suisse analyst James Neale said this was below his current estimate of first phase costs, supporting the view that the project will be economic in the prevailing macro-economic environment. Additional FPSOs will be added every two years to Tupi, up to a maximum of 10 vessels producing up to 1 million boe a day, Chapman said. BG's net share of production from the three fields will be 400,000 boe of oil equivalent per day by 2020, he said.