Member Info for researchit

32,865 ppm U308. Sorry comma in wrong place previously

it's unlikely that anyone will bid for EXT untill the feasability study is complete and then RIO or Areva will buy Rossing South but only once they have a take off agreement signed with the Chinese most likely but possibly the Koreans, Japanese, Indians or Russians. That's the reason the sp has fallen back as the feasability study will not be complete untill June. The flip side to this lull is that EXT have the chance to prove up more resource and as they have demonstrated today there is still huge undiscovered deposits at Rossing South. By the time the feasability study is released there will be far greater reserves proved up from inferred category to indicated and potential bidderes will be more than happy to pay the big premium asked then. IMHO

http://www.asx.com.au/asxpdf/20091208/pdf/31mmf9lq2qg9df.pdf

With only 17 trading days to go this side of new year I belive we will see a steady rise if Neil Herbert gets the response from the pressure he has tried to exert on CDN to finalise a deal this side of the new year.

http://www.asx.com.au/asxpdf/20091124/pdf/31m8jhqdwcjmst.pdf

http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_August_09/Brokers_Notes_Sept_09/Brokers_Notes_Oct_09/Brokers_Notes_Nov_09/WHI-Kalahari-171109.pdf

EXT up 3.38% in first half hour

EXT live price 8.55 up 6.04%, hopefully it'll be just as good in the morning

SD bought another 18.75K shares in EXT

I don't know if you've read the EXT quarterly report from yesterday , I posted it early yesterday morning, but from the contents of that report it looks as though they have only really scratched the surface of the resource estimates at Usab. Which probably goes a long way to explaining why KAH , PRL and Dattels have been taking every opportunity to add to there EXT holdings. The fundamentals with this co. have always been sound and in Mark Hohnen they have an inspirational spearhead . It is hard to look around now and find comparable co. as I've been in here since 36p, but AST are very exciting and I see HER as very similar to what KAH/EXT were like 18 months back.

Well done on your scoop with URU, it's good to see other board members coming up trumps, even if I missed out on this particular bonus.......an early Xmas pressie indeed !

http://www.asx.com.au/asxpdf/20091030/pdf/31lrx9ysr6trpq.pdf

http://www.minesite.com/nc/minews/singlenews/article/positive-noises-in-the-nuclear-space-bode-well-for-uranium-and-uranium-miners/1.html

Parties in talks with Extract have signed confidentiality agreements have also agreed to standstill arrangements preventing them from buying Extract shares, however no company has made such standstill commitments with regards to Kalahari who own 40%, this would be an easy and obvious way to grab the initiative over the Rossing South find. I think we'll start getting some quite lumpy transactions going through from now on ....just my opinion

Have they no faith....or to much knowledge ?????????

A few days after released but this article is very informative about the North River/KAH situation, especially interesting thought on the Ubib project and the obvious clarification of why they applied for a nuclear liscence for the project too, obvious really with it sat bang next to Rossing . http://www.minesite.com/nc/minews/singlenews/article/kalahari-minerals-hives-off-its-gold-and-base-metals-assets-in-namibia-into-north-river-resources/1.html

http://www.tertiaryminerals.com/uploads/Tertiary%20RNS%20Scoping%20Study%20Update%206%20August%202009.pdf

KAH and EXT are progressing Rossing South at great pace as they realise the huge demand for Uranium to fuel the existing and large quantity of nuclear fuel stations that there is and will be in the future. Taking a step further on from the U308 mining , a further element is actually needed to turn this from U308 into nuclear fuel and that is Fluorspar, which when put through the manufacturing process becomes Uranium Hexaflouride - nuclear fuel....Fluorspar is quite a rare element and not mined and produced in large volume, hence the spot price for flourspar has remained robust and now that the Chinese; largest producer; have all but banned export the imperative need for more is being highlighted. Tertiary Minerals (TYM) have a large deposit and they are at present conducting a scoping study , they also have what could be a massive $$$$ rare earth project in Saudi awaiting a re-issue of liscence.Please DYOR but feels like an early KAH type opportunity to me

EXT appt. new CEO in Namibia. http://www.asx.com.au/asxpdf/20091016/pdf/31lctdy0lg5rnd.pdf

Directors don't seem to have much faith in the business, as this is the second director sale in two months , this time selling almost half his holding