Extract Resources - 500 Beiträge pro Seite (Seite 5)

[pisa]

Antwort auf Beitrag Nr.: 41.161.728 von Ikar am 07.03.11 23:44:26

hehe hatte north river als nicht wirksam nicht eingerechnet, egal, kommt auf die Grössenordnung an die message ist: Chinesen würden 43% am Husab U project für um und hochgrechent 10,5-11aud per ext share übernehmen vorbehaltlich der (u.U. auch kurzfristig stark schwankenden) Währungskonstellationen.

Vielleicth sollten wir dazu übergehen den Preis in Unzen Gold zu beziffern, das wäre mal ne Grösse die jeweils stabil in aller Welts Augen wäre.. und man erspart sich die Umrechnerei..

Enjoy,
Pisa

[ArmerThor]

Ich wünsche allen Anwesenden eine angenehme Nachtruhe und bin auf den morgigen Tag inclusive News gespannt.

[Jimmbo]

Hoffe dass ext heute in die Höhe schießt. Gleich gehts los.
Mal sehen ob die Koreaner, Japaner und Franzosen auch auf den Zug aufspringen. Sehe das ganze trotz alles Euphorie etwas negative, da nur ein bid für KAH gibt. Würde theoretisch für eine übernahme- von EXT ausreichen.

[Ikar]

ASX -ext Meldung
http://www.asx.com.au/asxpdf/20110308/pdf/41x9c1bky5h4k9.pdf

[Jimmbo]

aktuell 6% plus

[pisa]

http://www.thesun.co.uk/sol/homepage/news/money/3452127/Shar…

Rio soll Gerüchten nach 400p für Kalahari bieten, kommen wir den 15 A$ schon sehr nah...

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 41.163.551 von pisa am 08.03.11 11:45:24

wobei für den Fall evtl. kein cash für Ext holder fliesst. RIO würde dann Mehrheit an EXT besitzen und könnte ein JV mit EXT bzgl. Rössing South ins Leben rufen. Evtl. Nur Zone 1 und 2 von RS. Würde ja RIO's Rössing Mine für viele viele Jahre das profitable Weiterleben gestatten. Dann u.U. North River Resources (mit dem KAH Kauf erhält man ~40% der Firma) zu 100% übernehmen und auf den Rest von EXT verschmelzen...

Voila,
hätten wir ein Riesen JV und eine sehr vielversprechende Explorationsgesellschaft (sogar schon mit Resourcen) in einem.

Aber ob das so kommt

Pisa,
Im Kaffesatz rührend....

[pisa]

http://www.theaustralian.com.au/business/kalahari-takeover-o…

Hier wird dargelegt das auf Grund der Börsenregeln die Chinesen evtl. eine sogenanntes "Downstream offer" an EXT shareholder machen müssen wenn Sie mit der KAH acquise fortschreiten. Nichts in Stein gemeisselt da auch Ausnahmen möglich sind, jedoch verdient das Zusammenspiel der Börsen AIM London NSX Namibia und ASX Australien sowie die politische Dimension Beachtung.

Enjoy,
Pisa

[gehtwas]

Respect - jetzt findet man schon die Meldungen von morgen - Nostradamus.com


http://www.smh.com.au/business/extract-wants-equality-201103…

Extract wants equality Barry FitzGerald
March 10, 2011

EXPECTATIONS have grown that China's state-owned CGNPC Uranium will have to make a downstream bid for Extract Resources as a result of CGNPC's planned $US1.23 billion takeover bid for London-listed Kalahari Minerals.

Extract is 42.8 per cent owned by Kalahari, with CGNPC intending to seek a waiver from the Australian Securities and Investments Commission from having to make a downstream bid for Extract under the 20 per cent takeover threshold rule.

But Extract said yesterday it would submit to ASIC that the waiver should either not be granted or granted on the condition that Extract shareholders have the ''effective benefit'' of CGNPC's offer on no less than equivalent terms to those offered to Kalahari shareholders.

Advertisement: Story continues below Extract shares rose 79¢ to $10.73 yesterday, valuing the company at $2.69 billion. The only interest of the Chinese in Kalahari is its Extract stake as it is Extract that wholly owns the Husab uranium deposit in Namibia. Husab is the world's fifth-biggest uranium (only) deposit.

Extract said its independent directors would announce their opinion on any proposal or offer for the company at the appropriate time. There is speculation that Rio Tinto could become involved in a shootout with the Chinese over control of Husab.


gehtwas

[Jimmbo]

so die 10€ sind vielleicht biss Ende nächster Woche drin. Dann kann i mich endlich von der Hälfte meiner Anteile trennen

[ArmerThor]

Antwort auf Beitrag Nr.: 41.172.901 von Jimmbo am 09.03.11 18:29:17

Wenn wir großes Pech haben, ist hier schon das Ende der Fahnenstange, sollte Rio mit den Chinesen ins Bett hüpfen.

http://www.afr.com/p/business/companies/extract_surges_on_sp…

He outlined two possible scenarios: either Rio, Itochu and China Guangdong work as a team, which could lead to a joint venture for Husab with a smaller Extract maintaining a stake as a listed company, or Rio and Itochu increase their stakes in Kalahari or Extract, with Kalahari the more likely because its shareholder register includes several investment groups that "just want to maximise their return on capital."

Ich hoffe natürlich, das das zweite Szenario eintritt.

[pisa]

Antwort auf Beitrag Nr.: 41.173.235 von ArmerThor am 09.03.11 19:19:45

Ehrlich gesagt wäre mir 100% Cash gar nicht recht, bin sooo lange schon dabei und Ertrag war und ist sehr reichlich, würde schon interessiert sein auch noch 20 Jahre lang irgendwie an dem deposit beteiligt zu bleiben..
Aber das mag jeder anders sehen, abhängig vom Zeitpunkt des Einstiegs und der Erwartungshaltung

Enjoy
Pisa

[gehtwas]

Antwort auf Beitrag Nr.: 41.173.235 von ArmerThor am 09.03.11 19:19:45

Extract drives hard bargain over Chinese uranium bid

March 10, 2011
Australian uranium mining firm Extract Resources (EXT.ASX) said that a proposed takeover by China Guangdong Nuclear Power Corp (CGNPC) for its largest shareholder, Kalahari Minerals (KAH.LSE), must be extended to other shareholders, the Wall Street Journal reported. Kalahari owns a 43% stake in Extract, which in turn holds a Namibian field that is one of the world's largest undeveloped uranium deposits. CGNPC is looking to make an offer for Kalahari, valuing Extract at US$1.22 billion, and thereby acquire more than 20% of Extract - a threshold at which permission from the Australian Securities and Investments Commission is usually required. Extract said in a statement that it would ask Australia's regulators to require CGNPC to extend the takeover to all shareholders. Otherwise, it would request that CGNPC not be exempt from requirements that it launch a secondary bid for Extract.

--------------------------------------------------------------------------------

http://www.chinaeconomicreview.com/dailybriefing/2011_03_10/…


gehtwas

[gehtwas]

Chinas Urannachfrage wird die der USA übertreffen

Um weniger von Kohle abhängig zu sein, investiert China massiv in den Ausbau seines Kernenergienetzes. Leider besitzt das Land aber nur wenige Uranreserven und wird viel Uran importieren müssen.

China wird in den 2020er-Jahren die USA als größten Urankonsumenten der Welt ablösen, da die Uranimporte dank der wachsenden Nuklearindustrie rasch ansteigen, erzählte ein hoher Funktionär im Interview mit China Daily. Doch Qian Zhimin, Vizedirektor der Nationalen Energiebehörde, betonte, dass Chinas steigende Nachfrage nicht zu einem weltweiten Anstieg der Uranpreise führen werde.

Die Nachfrage der Volksrepublik wird stark ansteigen, da das Land mehrere nukleare Reaktoren baut, welche mit Uran betrieben werden. Internationale Institutionen sind sich derzeit aber noch uneinig, wann China die USA als weltgrößten Uran-Verbraucher überholen wird. "Es ist eine Frage der Zeit", erzählte Qian China Daily in einem Exklusivinterview am Rande der Politischen Konsultativkonferenz des chinesischen Volkes (PKKCV). "Wir werden nicht lange warten müssen, bis wir den Status erreicht haben. Es wird noch bevor 2030 passieren."

Er erklärte, dass dies eine natürliche Entwicklung sei, da China bereits die USA als weltgrößten Energiekonsumenten abgelöst hat. Qian ist auch ein Mitglied des Nationalkomitees an der PKKCV und ehemaliger Vorsitzender der China Guangdong Nuclear Power Holding Co Ltd. (CGNPC). Die CGNPC ist eine der zwei großen Kernenergie- und Brennstabversorger des Landes. Li Ning, Vorsitzender der Schule für Energieforschung an der Xiamen Universität, prognostizierte: "Bis 2025 wird China der weltgrößte Uran-Verbraucher sein", da die Regierung die Stromerzeugung durch Kernenergie fördere.

Massiver Ausbau. Bereits heute betreibt China 11 Kernreaktoren, 13 weitere sind im Bau. Die Weltnuklearvereinigung WNA zufolge plane China den Bau von 187 weiteren Kernkraftwerken. Die chinesische Kernenergievereinigung verkündete letzten Juni, dass China bis 2020 über 60 neue Kernreaktoren bauen werde, welche je 400 Tonnen Uran benötigen, um den Betrieb aufnehmen zu können. Letztes Jahr importierte China 17.136 Tonnen Uran, dreimal mehr als noch im Vorjahr, wie die chinesische Zollbehörde berichtete.

"Ein solches Wachstum wird man auch in den nächsten Jahren noch beobachten können, da die Basis tief und der Bedarf riesig ist", so Qian.

Während Jahren waren die USA, Frankreich und Japan die weltgrößten Uranverbraucher. In den letzten fünf Jahren beschleunigte China aber den Bau neuer Kernkraftwerke, um seine Abhängigkeit von Kohle zu senken und das Klima zu schützen. Qian erklärte, dass Kernenergie bis 2020 rund 7 bis 8 Prozent des nationalen Stromverbrauchs decken könne, was mehr als das offizielle Regierungsziel von 5 Prozent ist. Statistiken der WNA zeigen, dass China bis 2020 rund 20.000 Tonnen Uran pro Jahr verbrauchen wird, was rund ein Drittel der Uranproduktion im Jahr 2009 entspricht.

Wenige Reserven. Chinas eigene Erforschung und Erschließung von Uranreserven liegt weit unter seiner Nachfrage, weswegen das Land Uran aus dem Ausland kaufen muss. Schätzungen zufolge produziert China derzeit rund 1000 Tonnen Uran pro Jahr, was ungefähr die Hälfte seiner derzeitigen Nachfrage deckt. Einem Bericht der Internationalen Atomenergiebehörde IAEA zufolge besitzt China noch Uranreserven in der Höhe von 100.000 Tonnen, welche bis 2020 erschöpft sein könnten.

Während Chinas Urannachfrage weiterwächst, gehen internationale Experten davon aus, dass die Uranpreise ebenfalls steigen werden. Qian teilt diese Auffassung nicht: "Die Mehrheit der internationalen Urangeschäfte werden durch Optionen und nicht durch Direkthandel abgewickelt. China hat aber schon lange Pläne für seine Urannachfrage und –Käufe, daher wird der Anstieg keinen Einfluss auf den Weltmarkt haben."

China arbeite derzeit an den Plänen für Urankäufe während der nächsten 10 Jahre, erklärte Qian. Er wollte aber keine weiteren Details veröffentlichen.
Quelle: China Daily

http://german.china.org.cn/business/txt/2011-03/09/content_2…

gehtwas

[Jimmbo]

Kernschmelze bestätigt.

Hör mir gerade den Schwachsinn von Greenpeace und Reante kühners an, die jetzt alle aus ihren löchern raus gekrochen kommen und einen Schwachsinn reden. Die Kuh Küners redet davon dass es doch verantwortungslos sei in einem Erdbeben Gebiet AKWS zu bauen. Dass zeigt dass solche Farmer keinen Ahnung von der Geschichte Japans haben nicht und von Wirtschaft. So welche frauen/männer wie sie sollten lieber Kühe auf einer Farm melken und dafür sorgen dass die Kühe keine Methangase produzieren damit es zu keiner globalen Erwärmung kommt.
legt sich etwas schminke auf was das Bild auch nicht besser macht und stellt sich gleich vor die Kamera und meint alles besser zu wissen.

[Jimmbo]

künast meine mich

[geldrups]

Antwort auf Beitrag Nr.: 41.190.444 von Jimmbo am 12.03.11 13:01:21

War heute morgen extrem beunruhigt, schöpfe aber jetzt Hoffnung, daß es möglich ist,den Reaktor so abzukühlen, daß die Gefahr gebannt ist. sollte es funktionieren, wovon ich pers. ausgehe, nehme ich drei Erkenntnisse mit:

1) Schwachstelle ist für jedes AKW die Kühlung. diese wird wohl bei vielen AKW´s nachgerüstet/verbessert werden! Das positive: das kann man auch nachträglich realisieren/verbessern.

2) Eine Enttäuschung: Die Japaner als high tech nation schaffte es 2 Tage nicht, zusätzliche Notstromaggregate vor Ort ins Netz des AKW einzuspeisen. Schuld: fehlendes Kabel!!???!? (zumindest wurde es so berichtet.

3) Das Gute: Der Reaktor gehört zu den ältesten, die betrieben werden. (BJ 1971)
Wenn der Druckbehälter des Altreaktors hält, sind selbst die Altreaktoren dieser Bauart auch im Extremfall wie diesem sicher. Es ist zu hoffen und auch anzunhmen, daß neuere Bauartserien besser sind als dieser Altschrott (der ohnehin bald vom Netz genommen hätte werden sollen!).

So nun hoffe ich weiter und wünsche uns allen, daß morgen früh die Meldung kommt, daß er sich bereits langsam abkühlt!

lo long

rups

[Jimmbo]

Hi geldrups

leider sieht es nicht so aus das sich der Kern abkühlt. Habe es persönlich auch gehofft zumal die Strahlung gestern in der Umgebung zurückgegangen sein soll. Hör heute morgen das Japan eine kernschmelze nicht mehr ausschließt. Andererseits ist wie du schon sagtest der Reaktor 40 Jahre alt. Das große Pech ist auch noch das er diesen Sommer außer dienst gestellt werden sollte, denn biss dahin wäre extract übernommen gewesen. momentan scheint es noch keine Panik zu geben, mal sehen was passiert wenn morgen die Börsen öffnen, denke es könnten zu einem freien Fall kommen.
Ausgerechnet kurz vor der Übernahme ein evtl GAU. Dass ist doch Käse

[geldrups]

Antwort auf Beitrag Nr.: 41.192.841 von Jimmbo am 13.03.11 13:02:59

jimmbo, ja leider..
im Moment noch keine Entspannung in Sicht. Hättemir gewunschen,daß zumindest bei dem reaktor, bei dem sie seit einem Tag Meerwasser einpumpen, schon eine kleine Entspannung vorzufinden wäre.

Ich denke, die Börse ist nicht wirklich einzuschätzen.

Naturkatastrophen haben Börsen noch nie beeinträchtigt.
Positiv: die arabisch Liga ist geschlossen gegen Gadaffi formiert (Ölpreis sinkt seitdem)

zur Nuklearbranche: Schätze, daß außer neuen technischn Auflagen sich keine Änderungn ergeben. ev wird das eine oder andere AKW von der künftigen Planungsliste genommen, daß bringt in bezug auf auf den Bedarf an spaltbaren Material kaum Entspannung. Also: fundamental wird es vss. keine Änderung geben, die Psychologie hingegen wird nicht leicht einzuschätzen sein.

wait an see!
rups

[ArmerThor]

Antwort auf Beitrag Nr.: 41.193.533 von geldrups am 13.03.11 16:36:55

Die Psychologie der Märkte ist schwer einzuschätzen, aber hier erstmal eine Reaktion aus China :
China not to change plan for nuclear power projects
(Xinhua)
Updated: 2011-03-12 14:14 Comments(0) PrintMail Large Medium Small

BEIJING -- China will not change its plan for developing nuclear power projects but will learn a lesson after a massive earthquake in Japan resulted in a radioactive leakage, vice-minister of Environmental Protection Zhang Lijun said Saturday.

"China has 13 sets of functional nuclear power equipment and tests have shown all of them are safe," Zhang told a press conference on the sidelines of the national parliamentary session in Beijing.

China is "keeping a close eye" on the development of the earthquake's impact on Japan's nuclear facilities, he said.

"Some lessons we learn from Japan will be considered in the making of China's nuclear power plans," he said. "But China will not change its determination and plan for developing nuclear power."

[Jimmbo]

Der Markt bricht zusammen momentan 6-18% minus bei ext und pen.

[ArmerThor]

Antwort auf Beitrag Nr.: 41.195.217 von Jimmbo am 14.03.11 00:36:07

Anbei ein paar Fakten. Die Sensationspresse giert ja geradezu nach einem neuen Chernobyl :

Japan Does Not Face Another Chernobyl
http://online.wsj.com/article/SB1000142405274870489360457619…" target="_blank" rel="nofollow ugc noopener">http://online.wsj.com/article/SB1000142405274870489360457619…

[ArmerThor]

Antwort auf Beitrag Nr.: 41.195.812 von ArmerThor am 14.03.11 08:44:17

Sorry, hier der korrekte Link :

http://online.wsj.com/article/SB1000142405274870489360457619…

[ArmerThor]

Schlusskurs in Australien 9,81 Aus$ = 7,1061 Euro.
Meinen Glückwunsch an die heutigen Käufer. Leichter kann man mit blindem Herdentrieb sein Geld nicht verdienen.
Wobei der Uranpreis fast gänzlich unverändert ist und das Kaufgebot der Chinesen für KAH auf dem Tisch liegt.

[ArmerThor]

Und nun mal zu den Realitäten abseits der Medienhysterie und der Machtspiele der deutschen Politiker :
http://www.wallstreet-online.de/nachricht/3117062-ots-corpor…

[pimpelnase]

... das nimmt ja fast panikartige Ausmaße an...
Also ein paar Prozente in Minus, das war klar. Aber hier scheinen tatsächlich einige Anleger davon auszugehen, dass alles in Frage gestellt wird (China etc.).
Ich glaube das nicht - aber es schmerzt trotzdem. Optisch und so.
Have a nice one,
PN

[Nosleep]

Antwort auf Beitrag Nr.: 41.204.640 von pimpelnase am 15.03.11 10:01:22

Hey pimpelnase

Stimme Dir zu.... Einfach nur Chaos ..Panik...und Ausnahmezustand

MfG:NOSLEEP

[pisa]

Antwort auf Beitrag Nr.: 41.207.601 von Nosleep am 15.03.11 14:12:51

Hi,
so einfach kann man es sich nicht machen. Dies ist ein Game Changer Event mit natürlich grossen Implikationen auf Uran, und nicht nur darauf.

Die Konsequenzen sind noch gar nicht abzusehen, sie werden jedoch signisifkant sein. Alte Gewissheiten werden nicht mehr gelten.

Pisa

[Vizepraesident]

Hallo Leute,

ist außer mir noch jemand da? Haben alle verkauft?

War auch am überlegen, habe mich aber fürs halten entschieden!

Ich glaube an eine tolle DFS, kommt ja hoffentlich bald!

Mal ne Frage an Euch.
Können die Chinesen bei der derzeitigen Lage in Japan eigentlich Ihr Angebot für KAH aufrecht erhalten und RIO oder Andere eventuell sogar in einen Bieterwettstreit einsteigen? Können die das nach Außen verkaufen bzw. wären RIO Aktionäre damit einverstanden?

Danke!

LG

Vize

[ArmerThor]

Antwort auf Beitrag Nr.: 41.293.172 von Vizepraesident am 30.03.11 23:26:48

Ich bin noch dabei und warte auf die DFS. Was zurzeit hinter den Kulissen stattfindet, ist schwer abzuschätzen.
Die Chinesen könnten die Gunst der Stunde nutzen, um ihr Angebot noch nach unten zu korregieren. Was Rio zur Zeit treibt, kann man nur raten.
Die Zeit wird es zeigen.

[pisa]

Antwort auf Beitrag Nr.: 41.293.172 von Vizepraesident am 30.03.11 23:26:48

Hi Vize,
ich habe noch einen Rest meiner Anfangsposition erwarte aber keine grossen Gewinne mehr, werde die Position aber behalten bis das letzte AKW abgeschaltete sein wird . Zur DFS nur soviel: Ext hat immer mehr abgeliefert als versprochen wurde, somit kann man vorsichtig optimistisch sein. Jedoch hat in der jetzigen Zeit so gut wie jede DFS, egal welcher Rohstoff, schlechter ausgesehen als erwartet, einfach wegen horrend gestiegener Kosten.

Pisa

[Jimmbo]

Antwort auf Beitrag Nr.: 41.293.172 von Vizepraesident am 30.03.11 23:26:48

hi Vize
Bin raus habe zu ca. 5,30/8,00 verkauft. Hätte villeicht noch etwas abwarten sollen biss die dfs gekomen währe aber dass risiko/kapital war zu gross. Wie Pisa schon geschrieben hatt glaube persönlich auch nicht dass wir noch die 10€ sehen werden. Vielleicht 7 oder 8€. Und keine ahnung ob nur für z1 und z2 oder für ganz ext. Keine ahnung wie lange der U pREIS BRAUCHT BISS ER SICH WIEDER ERHOLT. Monate oder Jahre?

[gehtwas]

Australischer Marktbericht vom 5. April 2011: Extract Resources (ASX:EXT) erhalten zwei Jahre Verlängerung für Husab-Uranprojekt in Namibien

Sydney, April 5, 2011 (ABN Newswire) - Extract Resources Limited (ASX:EXT) (TSE:EXT) erhielt zwei Jahre Verlängerung für das Husab-Uranprojekt in Namibien, wodurch Extract sein Explorationsprogramm über die 15 Kilometer lange vermutete Goldader bis zum April 2013 weiterverfolgen kann. Die Zonen 1, 2, 3 und 4 des Projekts umfassen Folgeressourcen von schätzungsweise insgesamt 50 Millionen Kilogramm U308. Die Gesellschaft plant, eine großflächig angelegte Abbaustätte in Tagebau einzurichten, und erwartet Produktionserträge von etwa 6,8 Millionen Kilogramm Uran pro Jahr, was das Projekt zur zweitgrößten Uranmine der Welt machen wird.

Millennium Minerals Limited (ASX:MOY) hat mit der Galliard Resources Corp. einen Vertrag abgeschlossen, wonach die beiden Parteien einen Joint-Venture starten, um die Goldlager von Beatons Creek, die sich zu 100% im Eigentum von Millennium Minerals befinden, zu erkunden, und Galliard hat dabei die Option, daran Anteile von bis zu 70% zu erwerben. In der Vergangenheit durchgeführte Bohrprogramme an den Lagerstätten haben Ergebnisse von 116 g Gold/t in 2m Tiefe und 7,27 g Gold/t in 12m Tiefe hervorgebracht. Für 2011 steht ein agressives Bohrprogramm auf dem Plan, um das Potential der Lagerstätte zu prüfen.

Sylvania Platinum Limited (ASX:SLP) gab eine JORC-Folgeressource bekannt, die vier identifizierte Zielgebiete höheren Grades innerhalb der Lagerstätte am Northern Limb abdeckt. Der Umfang der kombinierten Folge-Minerallager wird auf 0,15 Millionen Liter PGM, knapp 62 Millionen Kilogramm Kupfer und 45 Millionen Kilogramm Nickel geschätzt. Auch Magnetit-Eisenerz wurde an der Lagerstätte von Northern Limb identifiziert.

Sheffield Resources Limited(ASX:SFX) hat mit Bohrarbeiten an seinem Mineralsandprojekt in Yandanooka in Westaustralien begonnen. Von den Bohrungen erwartet man sich eine Bestätigung der früheren Ergebnisse und die Erforschung höher gelegener Zonen, die zusätzliche Daten bereitstellen werden, um die Einschätzung einer JORC-konformen Folgelager-Zone zu erleichtern.

Contact
Romana Vlcek
Asia Business News
Tel: [phone]
http://www.abnnewswire.net


http://www.abnnewswire.net/press/de/61369/Australischer_Mark…

gehtwas

[gehtwas]

UPDATE 1-Extract sees Husab revenues at $1bln a year

WINDHOEK, April 6 (Reuters) - Extract Resources (EXT.AX: Quote) (EXT.TO: Quote) chairman Steve Galloway said on Wednesday that its key Husab uranium project in Namibia should generate $1 billion a year and it should come online in the first quarter of 2014.

The company, which is 43 percent owned by Kalahari Minerals (KAH.L: Quote), on Tuesday said a feasibility study showed that the Husab project was economically viable. [ID:nL3E7F437R]

"The minimum annual revenue is an estimated $1 billion and production is scheduled to start in the first quarter of 2014," said Galloway at a presentation on the feasibility study.

"Our main challenge now is to raise the 12 billion Namibian dollars ($1.80 billion) ... needed to put the mine into production," he said.

Extract's share price finished about 1.50 percent higher in Australia on Wednesday at A$8.35.

http://af.reuters.com/article/metalsNews/idAFLDE7350TP201104…


gehtwas

[Goldbaba]

EMERGING METALS LIMITED - Statement re Investing Company status

For immediate release: 21 April 2011

Emerging Metals Limited

(the "Company")

Investing Company status

Emerging Metals Limited (AIM: EML) is pleased to clarify that, further to the approval of its expanded investing policy on 8 April 2011 and after consultation with the Exchange, the Company became an investing company for the purposes of the AIM Rules on 19 July 2010 (following completion of its disposal of shares in Extract Resources) and hence has twelve months from that date to make an acquisition(s) which constitute(s) a reverse takeover or otherwise implement its investing policy to the satisfaction of the Exchange.

The Directors continue to review potential investment and acquisition opportunities in line with the Company''s new investing policy and will make further announcements as and when required.

http://www.finanznachrichten.de/nachrichten-2011-04/20008184…

[gehtwas]

Forsys hat am späten Freitag Abend noch mal richtig Boden gut machen können. Ich hoffe hier tut sich ähnliches am Montag

gehtwas

[gehtwas]

Antwort auf Beitrag Nr.: 41.433.607 von gehtwas am 30.04.11 12:46:42

Na, das war dann eher ein Schlöag ins Wasser.

gehtwas

[gehtwas]

Extract Says Namibia Uranium Mine to Continue After New Policy

.Extract Resources Ltd. (EXT), aiming to develop the world’s third-largest uranium mine, is “confident” its project in Namibia will continue even as the government proposes to give all mining permits to a state-owned company.

“Extract continues to have regular and positive consultation with the government of Namibia,” the Perth-based company said in a statement today to the Australian stock exchange.

Extract fell 20 percent in two days in Sydney last week after reports that uranium, copper, gold and coal would face Namibian legislation, giving the state exclusive exploration and mining rights. Namibia’s cabinet said in an April 29 statement that it supported the proposal to issue all permits to the African nation’s state-owned mining company Epangelo.

Extract also halted its shares in Sydney before an announcement about China Guangdong Nuclear Power Group Co.’s proposal in March to acquire Kalahari Minerals Plc (KAH) for 756 million pounds ($1.26 billion), according to a separate statement today.

Kalahari’s biggest asset is a 43 percent stake in Extract, developer of the $1.7 billion Husab uranium project in Namibia. China is seeking access to a uranium venture that Extract expects will become the largest producing asset after Cameco Corp.’s McArthur River mine and the unfinished Cigar Lake mine.

Kalahari Acquisition
China Guangdong said March 7 that its bid depended on the Australian Securities and Investment Commission granting an exemption allowing the company to hold more than 20 percent of Extract. With Kalahari owning 43 percent of the explorer, Australian rules would normally require China Guangdong to make a bid for all of Extract, Patersons Securities Ltd. said in March.

The Kalahari offer should proceed only if Extract holders receive the same terms and are “not disadvantaged in any way,” Extract said in a March 9 statement.

Extract, whose shares declined 29 percent in Sydney trading this year, closed at A$6.68 on April 29.

Shares of uranium explorers and producers tumbled after the March 11 earthquake and tsunami in Japan amid concerns that the crisis at the Fukushima Dai-Ichi nuclear power station would prompt countries to delay plans to build more reactors.

Husab is about 7 kilometers (4.4 miles) from London-based Rio Tinto Group’s Rossing mine and about 30 kilometers from Perth-based Paladin Energy Ltd. (PDN)’s Langer Heinrich project.

Extract said the proposed changes to Namibia’s minerals policy wouldn’t “adversely affect” its exploration licenses or the Husab mining license application lodged on December 10.

Husab, currently the world’s fifth-largest uranium deposit, is expected to produce 15 million pounds of uranium oxide a year and begin in 2014, Extract said in April.

Namibia, the world’s fourth-largest uranium producer and biggest miner of offshore diamonds, is considering legislative changes to ensure its citizens receive more benefit from the southern African nation’s mineral wealth, Finance Minister Saara Kuugongelwa-Amadhila said March 9.

To contact the reporter on this story: James Paton in Sydney [e-mail]

To contact the editor responsible for this story: Amit Prakash at [e-mail].


http://www.bloomberg.com/news/2011-05-02/extract-says-namibi…

gehtwas

[gehtwas]

Hier muß es doch auch irgendwann wieder nach Norden gehen

Resources upped at Husab
07 June 2011


Uranium resources at the Husab deposit in Namibia have been increased by 33%, making it the fourth largest uranium-only deposit in the world according to Extract Resources.

The new figures include maiden measured resources in zones 1 and 2 of 84 million pounds U3O8 (32,000 tU) at a grade of 510 ppm U3O8 and a 39% increase in indicated resources in zones 1 and 2 to 274 million pounds U3O8 (105,400 tU) at 440 ppm U3O8. Inferred resources at zones 1-5 have increased by 18% to 130 million pounds U3O8 (50,000 tU) at 340 ppm U3O8, including the definition of maiden inferred resources in zone 5. Figures are compliant with both the JORC code and Canadian NI43-101 guidelines.

The total global resource at the deposit is 33% up from August 2010 estimates and including the already defined resources at Ida Dome, 20km to the south, now stands in excess of 500 million pounds U3O8 (192,000 tU).

The revised estimates follow the evaluation of some 1725 drill holes as part of an ongoing mine optimisation and resource extension programme, launched following the definitive feasibility study released by Extract in April 2011. According to Extract managing director and CEO Jonathan Leslie, the company fully expects to convert the resource estimates to reserves. An updated reserve estimate is scheduled to be released in the second half of 2011, and an updated resource estimate is scheduled for the first half of 2012.



"The exciting thing about this project is the amount of ore we've yet to find," Leslie said in a broadcast announcement of the new figures. "We've got our sights set on becoming the second largest uranium-only deposit in the world," he added.

Husab, formerly known as Rössing South, is the highest grade granite-hosted uranium deposit in Namibia. An application for a mining licence was lodged with the Minister of Mines and Energy in December 2010, and in January 2011 the Ministry of Environment and Tourism gave environmental approval for the mine. Leslie confirmed that the company is in regular contact with the Namibian government while the licence application undergoes due process and expects a favourable response. Recent changes to Namibian mining policy on strategic metals including uranium will give state-owned Epangelo Mining Ltd control over new minerals developments but existing licences and applications are not affected.

Partnership



Earlier this year, Extract confirmed that it was in discussion with Rio Tinto about combining the Husab project with the adjacent Rössing uranium mine to make the most of potential synergies from joint development. More recently, China Guangdong Nuclear Power Uranium Resources (CGNPC-URC) has put forward, then withdrawn, a possible cash offer to buy Extract's 42.79% owner Kalahari Minerals. In his broadcast comments, Leslie confirmed that talks respecting potential partnerships have been ongoing for the last several months and that interest remained strong from a "wide variety of stakeholders" without giving further details.



Researched and written

by World Nuclear News



http://www.world-nuclear-news.org/ENF-Resources_upped_at_Hus…


gehtwas

[gehtwas]

Namibia’s Husab uranium deposit now the world’s fourth-biggest following resource estimate update


TSX- listed Extract Resources has updated its resource estimate for the Husab uranium project, in Namibia, making it the fourth-largest uranium deposit in the world.

The revised estimate follows evaluation of 1 725 drill holes and was prepared in accordance with the Joint Ore Reserves Committee (JORC) code and Canada’s NI43-101 guidelines.

Extract CEO Jonathan Leslie reports that, since the discovery of the Husab deposit in early 2008, the company has carried out an intensive drilling programme to define the resource to support the development of a long-life mining operation.

Following completion of the company’s definitive feasibility study on Zones 1 and 2, Extract initiated a mine optimisation and resource extension programme aimed at increasing the current life-of-mine and the optimisation of the process plant and mining operations significantly.

The next phase in the programme, to be carried out in the second half of the year, is expected to generate a revised mine plan based on the updated resource model.

“It is expected that this will result in a material increase in reserves and mine life. Measured and indicated resources at Zones 1 and 2 are available for conversion to reserves, and account for 357.7-million pounds uranium oxide, or only 73% of the total resource. High resource grades at the zones have been maintained since the previous resource statement, confirming that the drilling adequately defines the inherent grade distribution and continuity within the deposits. Extract’s drilling programme will continue, with a target to expand and improve the classification of existing depo- sits, and to discover new areas of mineralisation,” says Leslie.

He adds that five drill rigs are currently operating on site, with 100 000 m planned to be drilled by the end of the first quarter of 2012.

Edited by: Martin Zhuwakinyu


http://www.miningweekly.com/article/resource-update-establis…

gehtwas

[gehtwas]

Extract receives environmental approval for uranium project

Extract Resources subsidiary, Swakop Uranium has received environmental approval from the Ministry of Environment and Tourism of Namibia for the linear infrastructure to service its Husab uranium project near Swakopmund, Namibia.


The linear infrastructure comprises of access roads, electricity, telecommunications and water supply.

The Husab uranium project is located about 45km northeast of Namibia's main port, Walvis Bay and within Erongo region, an area that holds several world class uranium deposits and mines, including the Rossing and Langer Heinrich.

Extract Resources managing director Jonathan Leslie said that with all environmental approvals in place, the firm is awaiting to receive mining licence from the Ministry of Mines and Energy.

"We have undertaken extensive specialist environmental studies and are committed to ensuring our environmental standards adhere to international best practice," Leslie said.

http://nuclearfuels.energy-business-review.com/news/extract-…


gehtwas

[gehtwas]

Reger Handel heute bei Riverstone hab keine News gefunden.

Aber eine Spekulation:


Australia's Gryphon says seeks W.Africa gold acquisition



http://www.reuters.com/article/2011/08/02/gryphon-idUSL3E7J2…

gehtwas

[gehtwas]

Antwort auf Beitrag Nr.: 41.879.935 von gehtwas am 02.08.11 17:12:33

sorry das sollte eigentlich wo anders hin

gehtwas

[gehtwas]

Extract boosts reserves at Husab uranium project 37%


10th August 2011

Updated 18 minutes agoTEXT SIZE PERTH (miningweekly.com)− ASX- and TSX-listed Extract Resources has reported a 37% increase in reserves at its Husab uranium project, in Namibia.

The total ore tons within the reserve increased to 280-million tons, and based on the processing of 15-million tons of ore a year, as envisaged in the definitive feasibility study, this equate to over 20 years life-of-mine, if the prestrip and ramp-up phases were included.

Extract said that along with a 4% increase in the forecast grade, to 518 parts per million, the total contained uranium has now increased by 42%. The increase in grade is also expected to lead to an increase in process recovery.

“The optimisation of the June 2011 resource model has produced a very pleasing outcome with all key drivers of value, in particular ore tons, grade and strip ration, showing significant improvements,” said Extract MD and CEO Jonathan Leslie.

“This latest reserve estimate indicates a 20-plus year mine life for zones one and two alone. We are confident that Husab will become a nationally and globally significant long-life mine, with opportunities to increase the reserve base further by the addition of defined resources at zones three to five, and through building on promising exploration results from Middle Done, Pizzaro and Salem.”

Leslie said that a review of the life-of-mine pit sequencing and scheduling was now under way to further refine the overall mine plan and financial model for the Husab project.

The company also continued to evaluate further opportunities to increase the mine life and to optimise the process plant and mining operations.

Last month, Extract received environmental approval from the Namibian Ministry of Environment and Tourism for the linear infrastructure to service the proposed uranium mine. This was the second, and last environmental approval needed for the project, and was in addition to one received in January.

It was expected that the Husab mine would be brought into production during the fourth quarter of 2014, with project construction expected to take some 33 months. The project hosts some 500-million pounds of uranium oxide, and has a maiden measured resource of 84-million pounds.

http://www.miningweekly.com/article/extract-boosts-reserves-…

...dann wann der Uranpreis explodiert, geht Husab in Produkttion. Das passt.

gehtwas

[gehtwas]

Antwort auf Beitrag Nr.: 41.929.934 von gehtwas am 10.08.11 14:26:14

das ganze noch mal auf der HP, etwas ausführlicher.


http://clients2.weblink.com.au/clients/extractresources2/art…



erstaunlich dass es hier so ruhig ist.

gehtwas

[gehtwas]

gleiche Meldung an anderer Stelle mit anderer Überschrift

Husab uranium project reserves increase


http://www.economist.com.na/index.php?option=com_content&vie…

gehtwas

[gehtwas]

China Guangdong May Make Fresh Offer for Kalahari Minerals, Patersons Says
QBy James Paton - Aug 11, 2011 2:44 PM GMT+0200


China Guangdong Nuclear Power Group Co. may bid again for Kalahari Minerals Plc (KAH), triggering an acquisition of uranium explorer Extract Resources Ltd. (EXT), after withdrawing an offer in May, Patersons Securities Ltd. said.

“The Chinese will be back,” Simon Tonkin, senior resources analyst at Patersons, said by telephone today from Perth. “It’s likely.”

The U.K. Takeover Panel barred state-owned Guangdong Nuclear from lowering a March proposal of 290 pence a share that valued Kalahari at 756 million pounds ($1.2 billion), the London-based resource company said on May 10. Both companies approached the panel with a price cut to 270 pence a share, after Japan’s nuclear crisis slashed the value of Kalahari’s 43 percent holding in Sydney-listed Extract.

Guangdong Nuclear is permitted to make a fresh bid starting yesterday, three months after the previous acquisition offer was denied, under the U.K. rules, Tonkin said. A new offer for Kalahari may be about 250 pence a share, he said.

Kalahari gained 1.8 percent to 222 pence at 1:38 p.m. in London, valuing the company at 545 million pounds. The stock climbed 4.8 percent yesterday.

Hugo de Salis, a spokesman for Kalahari in London, and John Gardner, a Sydney-based spokesman for Extract, declined to comment. Six telephone calls to Guangdong Nuclear’s public relations department seeking comment weren’t returned.

Offer For Extract
With Kalahari owning 43 percent of Extract, Australian rules would normally require Guangdong Nuclear, China’s second- biggest atomic plant builder, to make an offer for Extract, Patersons said in March.

Extract, which yesterday announced a 37 percent gain in reserves at its Husab project in Namibia, rose 0.8 percent to A$7.26 by the 4:10 p.m. close in Sydney, valuing the company at A$1.8 billion ($1.8 billion). The shares have fallen 23 percent this year, compared with a 13 percent decline in the benchmark S&P/ASX 200 Index.

An acquisition of Kalahari would give Guangdong Nuclear access to Extract’s Husab project as China seeks uranium to increase nuclear power generation. Extract expects China will remain keen to expand its atomic power program after the March 11 earthquake and tsunami in Japan crippled the Fukushima Dai- Ichi plant north of Tokyo, Chief Executive Officer Jonathan Leslie said on March 23.

To contact the reporter on this story: James Paton in Sydney at [e-mail]

To contact the editor responsible for this story: Andrew Hobbs at [e-mail]


http://www.bloomberg.com/news/2011-08-11/china-guangdong-may…



gehtwas

[Ikar]

Namibia:
Steuerpläne für Bergbau vom Tisch – Branche atmet auf

http://www.az.com.na/wirtschaft/regierung-rudert-zurck.13264…

[gehtwas]

Glencore, Rio Speed Partner Deals After Stock Declines

QBy Elisabeth Behrmann and Jesse Riseborough -
Aug 26, 2011 7:29 AM GMT+0200


Glencore International Plc and Rio Tinto Group are among miners buying out companies in which they own stakes during the downturn in equity markets. Katanga Mining Ltd. (KAT) and Extract Resources Ltd. may be the next targets, said Liberum Capital Ltd. and Ord Minnett Ltd.

Mining companies have spent $15 billion this year boosting their stakes in companies, with this quarter the strongest for deals in the last four, according to data compiled by Bloomberg. In the midst of a four-week global equity rout that wiped about $8 trillion of market value, Rio and Mitsubishi Corp. (8058) today raised their bid for Coal & Allied Industries Ltd. to A$1.53 billion ($1.6 billion) after Glencore offered to buy Minara Resources Ltd. (MRE) on Aug. 24.

http://www.bloomberg.com/news/2011-08-25/glencore-rio-speed-…


gehtwas

[Videomart]

Aug 17/10 Aug 13/10 ITOCHU Corporation Indirect Ownership Common Shares Ordinary Shares 11
- Acquisition carried out privately 18,650,849 $6.360

Jul 21/10 Jul 16/10 ITOCHU Corporation Indirect Ownership Common Shares Ordinary Shares 11
- Acquisition carried out privately 368,721 $6.360

Jul 21/10 Jul 16/10 ITOCHU Corporation Indirect Ownership Common Shares Ordinary Shares 11
- Acquisition carried out privately 2,187,708 $6.360

Jul 16/10 Jul 15/10 ITOCHU Corporation Indirect Ownership Common Shares Ordinary Shares 11
- Acquisition carried out privately 3,900,000 $6.360



http://canadianinsider.com/coReport/allTransactions.php?tick…

[gehtwas]

Extract advances mine financing talks


September 2, 2011 - 3:04PM


AAP

Uranium explorer Extract Resources says it is advancing financing talks for its $US1.66 billion Husab uranium project in Namibia, which is set to be the world's third-largest uranium-only mine.

Projects manager Andrew Penkethman also says Husab is set to become bigger with exploration success.

"Finance discussions are going well - there is a real appetite to be involved in this project," Mr Penkethman told the Africa Down Under conference in Perth on Friday.

Husab is a giant... it is a globally strategic asset.

"With further work, the commercial significance of Husab can only increase."

The project contains the most significant uranium resource in Namibia and the fourth-largest in the world, he said, and ore reserve upgrades last month had extended the planned mine life from 16 years to more than 20 years.

The company, which is 14.2 per cent held by mining giant Rio Tinto, plans to release a further resource upgrade in the first half of 2012.

"There is additional value that can continue to be added to this project," Mr Penkethman said.

The mine is expected to produce 15 million pounds of uranium per year, from a total resource inventory of 513 million pounds.

Extract is waiting for the mining licence to be granted before it releases a detailed project timeline.

Mr Penkethman did not provide an update on talks with Rio, which started earlier this year, about jointly developing their neighbouring uranium assets in Namibia.

Rio's Rossing mine, some 6km from Husab, had been producing uranium grading 350 parts per million (ppm) for 30 years


http://news.smh.com.au/breaking-news-business/extract-advanc…



von mir aus kann losgehn

gehtwas

[gehtwas]

Antwort auf Beitrag Nr.: 42.036.366 von gehtwas am 02.09.11 14:25:26

Financing negotiations ‘progressing well’ for Husab

Written by Administrator
Friday, 09 September 2011 08:24
Extract Resources, the Australian-based uranium company, says its project development financing negotiations for Husab is progressing well.
Speaking in Perth on the third and final day of the 2011 Paydirt Africa DownUnder conference last week, Andrew Penkethman, Extract’s manager of projects, said the company was confident that the newly launched Mine Optimisation and Resource Extension (MORE) programme across the project, would extend the estimated mine life for the planned US$1.66 billion Husab mine.
“The definitive feasibility study established an initial mine life of 16 years, since increased to 20 years and we expect MORE to extend that even further. We expect also to see reductions in Husab’s operating costs, partly due to reductions of up to 15% in the anticipated strip ratio,” he said.
“On the back of these gains, project financing discussions are going well and there is a real appetite out there to be involved in this giant, large scale, low risk high grade project with conventional open pit mining that is delivering a strategic global asset in the international uranium space. Husab will increase the importance of Namibia to global uranium supply routes. Once we get the mining licence, we will be able to accelerate those financial negotiations,” Penkethman added.
Rio Tinto is a 14.2% holder in Extract with a 42.7% holding held by Kalahari Uranium.
Husab is expected to produce 15 million pounds of uranium oxide per annum and has benefited from a string of recent resource and reserve upgrades. The application for a mining licence has been submitted.
Penkethman said Extract had been assured by the government that the proposed changes to Namibia’s minerals policy, outlined initially in April this year, would not affect the project and current licence applications would continue to be assessed on their own merit.
“In addition, the proposed amendments to Namibia’s taxation laws, outlined last month, also confirm that Namibia is willing to consult and wishes to remain an attractive destination for resources investment,” he concluded.
Extract believes Husab, which has a total resource inventory of 513 million pounds with a further resource upgrade scheduled in the opening half of next year, will emerge as the third largest uranium mine in the world behind McArthur River and Cigar Lake.


http://www.economist.com.na/index.php?option=com_content&vie…


gehtwas

[gehtwas]

Australien grüner Wochenstart, Uran Aktien heben ab



.....

Wie schon in den letzten Tagen, so ist auch heute das Uranminenunternehmen Paladin Energy einer der Ausreißer. In den letzten drei Handelstagen hatte sie um 36 Prozent zugelegt und setzt derzeit mit einem Plus von 10,7 Prozent auf 1,72 AUD noch einen drauf.
Auch bei der EXTRACT Resources gab es einen Höhenflug. Es kam die Meldung auf, dass die chinesische Guangdong Nuclear Power in die Uranmine in Namibia einsteigen will, an welcher EXTRACT 43 Prozent hält. Die Aktie von EXTRACT ging um 10,2 Prozent auf ein Jahreshoch von 8,86 AUD nach oben und wurde dann vom Handel ausgesetzt.


Ebenfalls an der Mine beteiligt ist Rio Tinto Deren Aktie kann sich um weitere 1,25 Prozent auf 67,23 AUD verbessern.
Gute Nachrichten kamen heute für das Schwergewicht BHP Billiton Die Regierung hat grünes Licht für sein Jahrhundert- Projekt, den Olympic Dam Kupfer Uran und Gold- Lagerstätten in Südaustralien, erhalten. Die 560 km nördlich von Adelaide gelegene Lagerstätte ist die viertgrößte Kupfer- und Goldlagerstätte der Welt und die weltgrößte Uranfundstelle. Die Anfangs- Investitionen erreichen, laut Unternehmensangaben, 6 Mrd. US Dollar und dürften sich bis auf 20 Mrd. US Dollar erhöhen. Bei den Anlegern kommt keine rechte Freude auf und die Aktie von BHP gibt um 0,8 Prozent auf 36,90 AUD ab.



http://www.shareribs.com/rohstoffe/metalle-und-minen/news/ar…


gehtwas

[Ikar]

Kalahari und nicht Extract 43% hält

[gehtwas]

Antwort auf Beitrag Nr.: 42.192.166 von Ikar am 10.10.11 14:30:47

Richtig wäre Kalahari hält 43% von Extract,

war halt ein Zitat


Die hier können es besser


Chinese bet on Extract's uranium

Greg Roberts
October 10, 2011 - 6:39PM

AAP

An expected $2.2 billion bid for uranium explorer Extract Resources by a Chinese state-owned nuclear power company is being labelled as the boldest display of support for the sector since the Japanese nuclear disaster in March.

The takeover speculation was sparked after Guangdong Nuclear Power reopened talks with Extract's biggest shareholder, which holds nearly 43 per cent of the share register, according to a media report in the UK over the weekend.

The talks were with London-listed Kalahari Minerals



Australian-listed Extract's planned Husab uranium project in Namibia is the focus of Guandong's intentions.

It is a 15 million pound a year mine that Extract says will be one of the world's three largest uranium mines.

Extract placed its shares in a trading halt after it had climbed 82 cents, or 10.2 per cent, to $8.86 following an hour of trading.

The company said it would make an announcement by Wednesday.

The price of uranium mining stocks as well as the commodity have plummeted since the Fukushima nuclear plant crisis in early March.

Media reports suggested Guangdong would make a $2.2 billion offer, incorporating a $1.08 billion takeover of Kalahari, which owns mostly uranium assets in Namibia.

The talks with Kalahari fell apart this year after the Fukushima disaster.

If the renewed takeover push went ahead it would be globally significant, following German plans to close all 17 of its nuclear power reactors by 2022, City Index chief market analyst Peter Esho said.

"I think it's the first real indication that the fundamentals behind uranium are strong since Fukushima," he told AAP.

"I think this is the first real indication that the Chinese are now getting serious in terms of going out and getting full ownership of uranium assets.

"They are making a very bold and clear move."

It was also reported that a $1.08 billion takeover deal for Kalahari could be completed this week.

If Guangdong acquires Kalahari, it would technically have to bid for Extract under Australian law because it would own more than 20 per cent of Extract's shares.

Mr Esho said he believed uranium was still a significant energy source and that spot prices had bottomed out at about $US50 a pound.

China is now the largest consumer of energy in the world and uranium is a key source as it continues to roll out nuclear power plants.

The world's most populous country is also in the business of aggressively shoring up its resource security, with state-owned Chinese companies becoming a major foreign investor in Australia.

Rio Tinto owns 14 per cent of Extract - and 11.5 per cent of Kalahari - and is its second-biggest shareholder.

Rio Tinto had been hoping to develop the Husab project itself by combining it with its neighbouring Rossing uranium mine.

Japan's Nippon Uranium owns 10 per cent of Extract.

The speculation came as the Australian federal government and South Australian government approved a $30 billion expansion of BHP Billiton's Olympic Dam uranium and copper mine, one of the world's largest.

Stocks in other uranium companies lifted on Monday, with Rio Tinto-majority owned Energy Resources of Australia (ERA) up 20 cents, or 6.54 per cent, at $6.54 and Africa-focused Paladin Energy 16 cents, or 10.32 per cent firmer at $1.71.

Toro Energy was 0.5 cent, or 6.41 per cent, firmer at 8.3 cents and Deep Yellow was 3.7 per cent higher at 14 cents


http://news.smh.com.au/breaking-news-business/chinese-bet-on…
Trading Halt

http://clients.weblink.com.au/clients/extractresources2/arti…

[gehtwas]

Ich suche gerade die Anzahl der shares - habe aber nichts gefunden.

Ausser: Issued Capital 251M in der Präsentation


Bei den spekulierten 2,2 Mrd wären das 8,76 AUD/share, nicht gerade berauschend

gehtwas

[gehtwas]

Extract Resources back in play


EXTRACT Resources said today it has talked to Australia's securities regulator about a potential bid for the company by China Guangdong Nuclear Power Holding Co, which is mulling a takeover of its biggest shareholder.
Extract noted an announcement in London by Kalahari Minerals, which owns 43 per cent of the uranium miner, confirming recent media speculation it has recommenced discussions with the Chinese company.

Perth-based Extract said it has been consulted by and made submissions to the Australian Securities and Investments Commission about a possible downstream takeover of Extract by CGNPC. Under Australian law, companies making a fresh investment in a company must make a full takeover bid if their investment exceeds 19.9 per cent.

"No ruling has yet been made by ASIC but, through its submissions, the company has sought to ensure that the interests of all Extract shareholders will be protected if this circumstance arises," Extract said in a statement.

http://www.theaustralian.com.au/business/mergers-acquisition…

gehtwas


"The independent directors of Extract will be monitoring the situation closely to assess any implications for Extract and will keep shareholders informed of any material developments on this matter."

Extract shares jumped 10 per cent early yesterday before being placed in a trading halt.

Extract owns the large Husab uranium deposit in Namibia.

“Although a re-launched bid has taken some time to materialise, we retain view that CGNPC will follow through on an agreed offer with Kalahari’s board,” analysts at Merrill Lynch told clients today.

[gehtwas]

BREAKFAST DEALS: Rio's key


Extract Resources is seeking the advice of regulators as Kalahari talks to Guangdong, but attention is shifting to what role Rio Tinto will play. Hanlong is still buying Sundance stock as the target seeks to squash suggestions that insider trading investigations attached to the suitor could give the FIRB reason to pause. Elsewhere, Rupert Murdoch lost his bid for the rest of BSkyB because of the hacking scandal and now pressure is building for him to remove his son as chairman, while James Packer’s exit from Challenger gets yet another twist and hedge fund Signature Capital comes up with a creative defence strategy.

Extract Resources, Kalahari Minerals, Guangdong Nuclear Power, Rio Tinto

Likely downstream takeover target Extract Resources has sought the advice of regulators concerning takeover talks at its major shareholder, Britain’s Kalahari Minerals, with Rio Tinto shaping up as a key player in any transaction. Extract acknowledged the resumed talks between Kalahari and suitor China Guangdong Nuclear Power over a $1 billion takeover offer that was derailed earlier this year by the Japanese Fukushima nuclear crisis. The real prize is Extract’s Husab uranium project in Namibia, expected by many to become one of the three largest uranium mines in the world, which Guangdong can get at through Kalahari’s 43 per cent stake in the Perth-based company. With a stake over 19.9 per cent, Guangdong would be bound by Australian takeover laws to bid for Extract, but the last time the Chinese company was in talks with Kalahari, it asked the Australian Securities and Investments Commission if it could acquire a ‘relevant’ stake in Extract instead of a full takeover. The request was rejected by ASIC but nonetheless underlines the fact that the Chinese mightn’t unquestioningly seek the path laid out for them. Further complicating the matter is Rio Tinto, which holds about 11 per cent of Kalahari and 14 per cent of Extract. Talk is beginning to centre on what Rio would do at the bargaining table and what the nature of a bid for Extract might be. Further, question marks are also being raised about whether Extract should have sought a trading halt sooner given that strong speculation in the British press about a resumption in talks between Kalahari and Guangdong was almost certain to put a rocket under its stock.

http://www.businessspectator.com.au/bs.nsf/Article/Rio-Tinto…

gehtwas

[gehtwas]

Extract Resources, Kalahari Minerals

Perth-based uranium miner Extract Resources has strengthened its defence against suggestions that it should have requested a trading halt from the

http://www.businessspectator.com.au/bs.nsf/Article/Rio-Tinto…

Extract Resources, Kalahari Minerals

Perth-based uranium miner Extract Resources has strengthened its defence against suggestions that it should have requested a trading halt from the ASX earlier when takeover speculation swelled at the beginning of this week. Intense speculation in the lead-up to confirmation of renewed talks between Extract’s largest shareholder, Kalahari Minerals, and China Guangdong Nuclear Power thrust Extract into the spotlight because if a transaction takes place, Guangdong would have to bid for Extract under Australian regulations. Responding to the second query from the market operator in two days, Extract gave a much longer response than its first attempt in a bid to convince the market that it acted appropriately under the circumstances. Extract said that given talks between Kalahari and Guangdong broke down earlier this year and whispers of renewed discussions have popped up from time to time, jumping on every bit of speculation would be disruptive. “We note the information contained in the Kalahari announcement was materially different to the speculation contained in the media report.”

gehtwas

[gehtwas]

Extract Resources Says Partnership Process Remains Ongoing

MELBOURNE -(Dow Jones)- Extract Resources Ltd. (EXT.AU), which is developing one of the world's largest unmined uranium deposits, said Friday it continues with the process of securing a possible partner and interest has been expressed by several partners in its project.

The Perth-based company also said discussions continue on debt financing and an offtake deal to sell production from the planned Husab uranium mine in Namibia.

Extract's largest shareholder with a 43% stake is Kalahari Minerals PLC (KAH.LN), which this week said it had restarted talks regarding a possible takeover by China Guangdong Nuclear Power Holding Co. Rio Tinto PLC (RIO), which owns the Rossing uranium mine that neighbors Husab, has a 14% stake in Extract.


http://www.foxbusiness.com/industries/2011/10/14/extract-res…

gehtwas

[Ikar]

Quarterly Activities Report
http://clients.weblink.com.au/clients/extractresources2/arti…

Quarterly Cashflow Report
http://clients.weblink.com.au/clients/extractresources2/arti…

[gehtwas]

Hier könnte auch mal wieder ein bisschen mehr Begeisterung aufkommen.


Kalahari sees China's CGNPC bidding for Extract Resources

PERTH Oct 27 (Reuters) - Kalahari Minerals , 43 percent shareholder in uranium developer Extract Resources , expects its Chinese suitor to make a takeover offer for Extract eventually if it goes ahead with a bid for Kalahari, Kalahari's chairman said on Thursday.
"I don't think there is any suggestion ever that they would not want to do that. It's a matter of timing I would have thought," Kalahari Chairman Mark Hohnen told two reporters on the sidelines of the Commonwealth Business Forum.

State-owned China Guangdong Nuclear Power is in talks for a potential takeover of Kalahari, with an announcement due by November 11 on whether a deal will go ahead.

Kalahari's main asset is its stake in Australian-listed Extract, coveted for its Husab uranium project in Namibia, which could become the world's second-largest uranium mine.

Under Australian rules, CNGPC would be required to make a full takeover offer once it owns more than 20 percent of Extract, but the securities regulator can grant exceptions.

http://af.reuters.com/article/namibiaNews/idAFL3E7LR07I20111…
gehtwas

[gehtwas]

Kalahari Minerals, Extract Resources

Shareholders in uranium explorer Extract Resources have been given some encouraging words from Kalahari Minerals executive chairman Mark Hohnen about their chances of a takeover offer. Kalahari, which owns 42.8 per cent of Extract, is in renewed discussions with China Guangdong Nuclear Power over a $1 billion offer, but under ASX rules Guangdong will also have to lodge a takeover offer for Extract due to Kalahari’s stake being over 20 per cent. Last time Kalahari and Guangdong talked there were was a hint that Guangdong might try to shirk its Australian obligations.

But Hohnen says there isn’t anything he sees to suggest Gunagdong won’t bid for Extract – rather, it’s just a matter of “timing”. However, the significance of Rio Tinto’s presence on the registers of both Extract and Kalahari has drawn denigration from Hohnen, who said bluntly that Rio would not get a board seat.


http://www.businessspectator.com.au/bs.nsf/Article/ASX-Foste…


gehtwas

[gehtwas]

Mienenlizenz in Aussicht.

Ich hoffe hier kommt mal ein bisschen Euphorie auf


http://www.menafn.com/qn_news_story.asp?storyid=%7Bdc7787c5-…


gehtwas

[geldrups]

Mal sehen, da ich EXT seit Dec 2006 halte (allererste Tranche), bin ich einiges gewohnt und bleibe gelassen. Aber prinzipiell hast Du recht. Erst duch die PMT (permit to mine) wird der volle value pro Pfund Uran erreicht werden können.

Die letzten/aktuellen TO´s im Sektor gingen/gehen mit ca. 10 $/lbs über dem Tisch. Bei EXT müßte aufgrund der Weltklassepropety ein dickes premium drinnen sein.

Das nächste Resourcenupgrade kommt im Zuge des "MORE" Programmes erst im FJ 2012 (glaube ich). Das ist natürlich auch unser Problem. Ein TO Offer steht an, jedoch "nur" auf BAsis der ca. 510 Mio lbs. wie wird das Potential auf ev. 600, 700 oder 900 Mio lbs eingepreist? Das sind die Fragestellungen, die mich im Moment mit EXT gedanklich etwas beschäftigen.

Wait and see!

[gehtwas]

Antwort auf Beitrag Nr.: 42.307.353 von geldrups am 05.11.11 20:16:59

Die letzten/aktuellen TO´s im Sektor gingen/gehen mit ca. 10 $/lbs über dem Tisch. Bei EXT müßte aufgrund der Weltklassepropety ein dickes premium drinnen sein.

Nun, ob da die Grades ausreichen weiß ich nicht.
Aber es kommt Bewegung in den Markt. So viele gute Projekte gibt es auch nicht, aber Extract ist ne heiße Nummer.

gehtwas

[geldrups]

Nun wird es definitiv eng für Rio! Hathor Deal praktisch an Cameco verloren, Umweltprobleme in Aus, Langsames Erschöpfen der Rössing Mine!

Rio muß - soferne sie im Uran business bleiben will, reagieren!
Das Chinesen Offert, daß max. ca. 243 pence (so ungefähr, habe den genauen Betrag nicht im Kopf) für eine Kalahri ist ein Scherz. Die Frage ist, ob z.B. die Chinesen mit dem Namibischen Government kollaborieren zum Schaden extracts. Ohne ML wird der fair value kaum erreicht werden. Wenn die ML nun verzögert wird, werden die Anleger und stakeholder ev. ungeduldig und nehmen das lumpige Chinesenoffer an.

Trotzdem, das wird was, bin mir sicher!


Ein Artikel aus HC:

Kalahari offer too low: Merrill Lynch

The Australian Financial Review
Street Talk
PUBLISHED ONLINE: 14 Nov 2011
Edited by Sarah Thompson and Stephen Shore

China Guangdong Nuclear Power Co's (CGNPC) latest offer for Extract Resources's major shareholder, Kalahari Minerals, is below fair value and opens the door for Rio Tinto to produce a higher offer of its own, says Merrill Lynch analyst Glen Chipman.

The 243.55 pence offer for Kalahari being discussed - lower than the 270 pence proposed price in May and the 290 pence price before the Fukushima disaster values Extract at a see-through price of $8.80 to $9 a share taking into account its cash position and unlisted performance rights.

Mr Chipman said one near-term catalyst for an offer from Rio, which owns an effective 19 per cent stake in Extract through its holdings in Extract and Kalahari, would be the grant of a mining licence over Extract's Husab uranium project in Namibia. Husab neighbours Rio's ageing Rossing mine, which has infrastructure available to process the uranium and cut the capital costs of Extract's project significantly.

Mr Chipman said the mining licence could be granted in a number of weeks, triggering an offer from Rio.

However, some think Rio may decide not to bid for Kalahari or Extract and instead to form a joint venture with CGNPC over the project if the Chinese group's takeover ambitions prove successful. CGNPC does not operate any uranium mines globally and is already a customer of Rio's.

Merrill Lynch has a price target of $9.50 on Extract, compared to its closing price of $7.90 on Friday.

http://www.afr.com/p/opinion/kalahari_offer_too_low_merrill_…

[gehtwas]

Kalahari Minerals - Extract Resources update on Husab Mining Licence
Wednesday , 30 Nov 2011 Kalahari Minerals

Kalahari Minerals plc, the AIM listed resource company, notes that Extract Resources Ltd (‘Extract'), in which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 42.76% interest, has announced that it has received a notice of preparedness to grant a Mining Licence, by the Ministry of Mines and Energy of the Republic of Namibia, for the world-class Husab Uranium Project in Namibia (‘Husab' or ‘the Project').

Kalahari's Executive Chairman, Mark Hohnen, said, "This is great news for all parties, being the final stage of the process with regards to the issuance of a full Mining Licence for Husab. Once the licence is formally issued, Extract can move forward with the development of one of the world's largest uranium mines, producing 15Mlb of U3O8 per annum and enter the next stage in the genesis of this world class project."

Ends


http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=1…

gehtwas

[gehtwas]

Labor backs sale of uranium to India

by: Ben Packham
From:The Australian
December 04, 20111:25PM

AUSTRALIA will export uranium to India after the Labor Party today overturned a decades-old ban on selling the material to nations that fail to sign the Nuclear Non-Proliferation Treaty.

An exception to the rule will be made for India, after Julia Gillard urged delegates at today's ALP conference in Sydney to modernise the party platform.

The Prime Minister said it was intellectually indefensible to sell uranium to China, but not India.

“Delegates, let's just face facts here,” she told delegates.

“Our refusal to sell uranium to India is not going to cause India to decide that it will no longer have nuclear weapons.”

Ms Gillard said the platform change was crucial to improving Australia's relationship with the growing economic superpower.

But Left powerbroker Doug Cameron directly challenged Ms Gillard on the issue, earning a standing ovation from supporters during an often fiery debate which was interrupted by anti-uranium protesters.



“Delegates, I don't want Labor's light on the hill to be a green, pulsating nuclear light,” he said.

“Prime Minister, you are wrong. Ministers, you are wrong. This is the wrong thing to do.”

The platform change, which imposes stringent rules on the use of Australian uranium by India, was passed 206 votes to 185, after a long and emotional debate.

Australian Workers Union national secretary Paul Howes said Australia should not compromise jobs for the sake of a “dead letter treaty” that included North Korea and Iran among its signatories.

“If we can sell uranium to the world's largest dictatorship, in China, if we can sell uranium to Russia, why can't we we sell uranium to the worlds largest democracy in India?” he said.

In a personal contribution, cabinet minister Stephen Conroy, whose Right faction backed the change, told how his uncle had to carry around a Geiger counter in his village in the UK region of Cumbria after a now-forgotten nuclear accident.

“This has always been a very difficult issue for my family,” he said as he struggled to retain composure.

“I have never voted for it and I am not going to vote for it today.”

Cabinet minister and former Nuclear Disarmarment Party candidate Peter Garrett said Labor should not compromise its principles just to make an exception for India.

He said civilian nuclear power plants provided the fuel for nuclear weapons.

“We remember Hiroshima,” Mr Garrett said. “We acknowledge Fukushima.”

Resources Minister Martin Ferguson said India, which would overtake China as the world's most populous nation by 2025, needed access to reliable energy supplies to lift its people from poverty.

He said selling India uranium would offer the economic powerhouse a clean energy option over dirty coal-fired power.


The revised platform states Australia will only export uranium to countries that observe the Nuclear Non-Proliferation Treaty, with an exception made for India.

“In relation to India, an important strategic partner for Australia, commitments and responsible actions in support of nuclear non-proliferation, consistent with international guidelines on nuclear supply, will provide an acceptable basis for peaceful nuclear cooperation, including the export of uranium, subject to the application of strong safeguards,” it states.

Left powerbroker and cabinet minister Anthony Albanese voiced his strong opposition to the change.

“It is the case that nine months after the Fukushima disaster is not the time to be expanding our uranium exports,” Mr Albanese said.

He said the disaster in Japan had caused other nations to wind back their commitment to the nuclear fuel cycle, and it was “absurd” for Australia to move in the opposite direction.

Several anti-uranium protesters interrupted proceedings and had to be removed from the conference venue by security guards.

“Uranium and uranium mining is causing misery for millions of people around the world,” Allyson Hoe, from Occupy Melbourne, said.

“We've seen the damage that has been done at Fukushima.”

But Harish Velji, from Subcontinent Friends of Labor, said the decision would speed the development of about 400 million Indians, while strengthening relations with the emerging economic power.

“From an Australian point of view it improves the relationship with India,” he said.

“Australia and India need to form a great relationship now so that in the future it can be expanded further.”


http://www.theaustralian.com.au/national-affairs/in-depth/la…

gehtwas

[Ikar]

RECOMMENDED CASH OFFER
http://de.advfn.com/nachrichten/RECOMMENDED-CASH-OFFER_50352…

8 December 2011

RECOMMENDED CASH OFFER

BY

TAURUS MINERAL LIMITED ("Taurus")

(a company formed at the direction of CGNPC Uranium Resources Co., Ltd. ("CGNPC-URC") and The China-Africa Development Fund ("CADFund"))

FOR

KALAHARI MINERALS PLC ("Kalahari")

Summary

-- Further to the announcement on 10 November 2011 that Kalahari and CGNPC-URC remained in discussions in relation to a possible offer, the boards of Kalahari and CGNPC-URC are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Kalahari (the "Offer").

-- Under the terms of the Offer, Kalahari Shareholders will receive 243.55 pence in cash for each Kalahari Share (the "Offer Price").

-- The Offer Price values Kalahari's fully diluted share capital, including shares attributable to Options at approximately GBP632 million.

-- The Offer will be conditional on, inter alia, acceptances being received in respect of more than 50 per cent. of Kalahari Shares on a fully diluted basis.

-- The Offer Price represents:

o a premium of approximately 16.1 per cent. to the average Closing Price of 209.7 pence per Kalahari Share for the six months prior to and including 4 March 2011, being the latest practicable Business Day prior to the first announcement by CGNPC-URC of a possible offer for Kalahari; and

o a discount of approximately 1.0 per cent. to the Closing Price of 246 pence per Kalahari Share on 7 October 2011, being the latest practicable Business Day prior to the commencement of the Offer Period.

-- The Offer Price has been determined on the basis that no dividend in respect of the Kalahari Shares will be declared or paid by Kalahari after the date of this announcement.

-- Taurus is a newly incorporated company and formed at the direction of, and indirectly owned by, CGNPC-URC and CADFund.

-- CGNPC-URC, a state-owned enterprise in the PRC, has established strong relationships with domestic and overseas manufacturers and suppliers of natural uranium. An acquisition of Kalahari is in line with its ongoing strategy to support development of important new sources of natural uranium supply.

-- CADFund is an equity investment fund, indirectly 100 per cent. owned by China Development Bank Corporation ("CDB"), which aims to support and encourage Chinese companies in developing cooperation with Africa and making investment in Africa.

-- Kalahari is an AIM and NSX listed resource company with uranium, gold, copper and other base metal interests in Namibia. Kalahari's key asset is its holding of 42.5 per cent. in ASX, TSX and NSX listed Extract Resources Limited ("Extract") (on a fully diluted basis). Extract is progressing towards development of the Husab Uranium Project, strategically located within a 50 kilometre radius of several world class uranium deposits.

-- The Kalahari Directors, who have been so advised by Azure Capital Limited ("Azure") and Ambrian Partners Limited ("Ambrian"), consider the terms of the Offer to be fair and reasonable to Kalahari Shareholders. In providing their advice, Azure and Ambrian have taken into account the commercial assessments of the Kalahari Directors.

-- Accordingly, the Kalahari Directors intend unanimously to recommend that Kalahari Shareholders accept the Offer, as the Kalahari Directors have irrevocably undertaken to do, in respect of their own beneficial holdings, amounting, in aggregate, to 5,518,813 Kalahari Shares, representing approximately 2.2 per cent. of Kalahari's issued ordinary share capital.

-- Letters of intent to accept or procure the acceptance of the Offerhave also been received from certain Kalahari Shareholders amounting, to 9,839,083 Kalahari Shares, representing approximately 3.9 per cent. of Kalahari's issued ordinary share capital.

-- It is intended that the Offer is to be effected by means of a takeover offer within the meaning of Part 28 of the Companies Act. The Offer Document, containing further information about the Offer, together with the Form of Acceptance, will be posted to Kalahari Shareholders and (for information purposes only) to holders of Options as soon as practicable (and, in any event, not later than 5 January 2012 unless otherwise agreed with the Panel).

Zhiping Yu, CGNPC-URC's Managing Director said:

"We are delighted to have secured the support of the Kalahari Directors, as we believe this highlights both the attractive value of the Offer and CGNPC-URC's status as an excellent partner for the future development of the Husab Uranium Project."

Commenting on the Offer, Mark Hohnen, Kalahari's Executive Chairman said:

"The Husab Uranium Project is a world class uranium asset that has tremendous strategic importance in the industry due to its quality and scale. In the light of the unexpected circumstances in Japan and their impact on uranium equities, the Kalahari Directors recognises the altered market dynamic and subsequently views the Offer from CGNPC-URC as attractive.The Kalahari Directors view CGNPC-URC as an excellent partner for the realisation of the full potential of the Husab Uranium Project to the benefit of all stakeholders."

This summary should be read in conjunction with, and is subject to, the full text of the following announcement (including its appendices).

The Offer will be subject to the Conditions and further terms set out in Appendix I to this announcement and to the terms and conditions to be set out in the Offer Documentation when issued. Appendix II contains the bases and sources of certain information used in this summary and the following announcement. Appendix III contains details of the irrevocable undertakings and letters of intent referred to in this announcement. Appendix IV contains definitions of certain terms used in this summary and the following announcement. Appendix V contains an outline of the formula applied in setting the Extract Offer Price, as described in paragraph 17.

[gehtwas]

Extract Resources weighs options in face of Chinese takeover bid

London, England --- MININGREVIEW.COM --- 12 December 2011 - Extract Resources Limited ‒ owner of the world’s fourth-largest uranium deposit in Namibia ‒ is studying its options as a US$2.2 billion takeover bid from China looms following a deal to buy its biggest shareholder.

Bloomberg News reports that Australian regulators have ruled that state-owned China Guangdong Nuclear Power Group Co. must offer US$8.76 a share for Perth-based Extract, should the Chinese company’s US$988 million bid for Kalahari Minerals plc succeed because of Kalahari’s 43% stake in Extract. Extract, owner of the massive Husab uranium deposit in Namibia, rose as much as 5.7% to US$8.66 in Sydney trading.

“Extract’s independent directors are working carefully to assess the details of the proposed offer and will consider all available alternatives for maximising shareholder value,” CEO Jonathan Leslie said in an e-mailed statement from here. “The bid clearly demonstrates the strategic nature of Husab as a tier-one asset, as well as confidence in the long-term fundamentals of the uranium industry.”

China is pursuing new sources of the fuel to feed rising demand for atomic power.

Rio Tinto Group, the world’s third- biggest mining company and owner of the Rossing mine adjacent to Extract’s Husab, is unlikely to make a rival bid, BMO Capital Markets said.
“It’s difficult to see anyone else coming in to counter bid for Kalahari, given the friendly nature of the offer and the relatively tightly held shareholder base of Extract and Kalahari combined,” said Edward Sterck, a London-based analyst at BMO which has a “market perform” rating on Extract.

“Rio Tinto is unlikely to come in with a direct counter bid to Guangdong Nuclear because they may be expecting to be part of development plans anyway,” Sterck said in a telephone interview.

Rio owns 14% of Extract and 11.5% of Kalahari, according to data calculated by Bloomberg.

“Kalahari shareholders will probably view the offer favourably given broader market conditions.” The Kalahari offer is conditional on Guangdong Nuclear getting acceptances of more than 50%. The offer is at a 16% premium to the average price for six months prior to March 4, the last day prior to the first announcement by Guangdong Nuclear of a possible offer for Kalahari, it said.

Kalahari directors, who hold about 2.2% of the stock, are to recommend the deal, and Guangdong Nuclear has secured non-binding letters of intent for a further 3.9% stake.

Extract said in February that it was in talks with London-based Rio about merging the companies’ uranium projects in Namibia. Extract also said at the time that it was talking to Kalahari “to explore various options that might simplify the Extract/Kalahari shareholding structure.”

“Extract shareholders should take no action and await further guidance from the company’s independent directors, CEO Leslie said. “The company is seeking to develop Husab at a cost of about US$1.7 billion with a mine that may last for more than two decades.”

Extract raised its estimate of reserves at the project in August by 37% to 320 million pounds of uranium oxide.

The acquisition would be the second-biggest Chinese takeover of a foreign mining company, according to data compiled by Bloomberg. The nation began its first commercial nuclear plant in 1994 and now has the highest number of atomic facilities being built, data from the World Nuclear Association shows.

China, the world’s biggest energy user, has 13 generators in commercial operation and 28 under construction, according to its Ministry of Environmental Protection. China may have more than 100 atomic reactors by 2020, it said in June.


http://www.miningreview.com/node/20313

gehtwas

[gehtwas]

CGNPC Offers $2.2 billion for Extract Resources’ Husab Uranium Project in Namibia


Last Thursday, Extract Resources Limited (ASX:EXT) was offered $2.2 billion by China Guangdong Nuclear Power Corp (CGNPC) for its Husab uranium project in Namibia, conditional on the success of an additional proposal to acquire Kalahari Minerals (LSE:KAH).

CGNPC is primarily interested in the acquisition of Kalahari for $990 million because of its position as the top shareholder in Extract Resources with a 42.7 percent interest. The Husab uranium project is considered to be the world’s fourth largest known primary uranium deposit and with the potential to be one of the world’s largest uranium mines.

The markets have responded positively to the news, as share prices for Extract Resources and Kalahari have both appreciated, 5.2 percent and 3.7 percent respectively, above closing prices prior to the announcements.

Potential for competitive bids

Rhys Bradley, research analyst at Patersons Securities, maintains an even higher price target for Extract with an implied 12 percent premium to the current range given the potential of a counter offer by Rio Tinto PLC (LSE:RIO,NYSE:RIO,ASX:RIO), which already owns a majority interest of the nearby Rossing uranium mine. Uranium investors will certainly be familiar with the strong resource appetite of Rio Tinto, the ambitious poly-metallic, energy and mineral giant, following its recent success in its acquisition of Hathor’s Roughrider uranium asset last month.

According to Merrill Lynch analyst Glen Chipman, the existing offer for Extract’s Husab resource is at a relatively low multiple given a current enterprise value per resource of $4.20 per pound of uranium, comparable to half of the $8.40 per pound offered by Cameco for Hathor in the first of its two bids. Rio ended up paying $10.80 per pound of uranium for the Hathor deposit.

Strong Chinese demand

Alex Latzer, Head of Metals & Mining Research at Daiwa Capital Markets, explained during a recent interview on CNBC a bullish outlook for uranium leveraged on Chinese continued upside risk, “equities have been hurt down significantly; some of them are trading well below book value. There will be more newsflow, China will begin to look again at restarting its build on the nuclear power side. In the first half of next year they will start to talk to equipment suppliers with the aim to adding [at least] 50 gigawatts of nuclear power generation over the next ten years. In 2013 the Russians will stop supplying reprocessed [uranium] nuclear fuel from their weapons stockpile.”

China has just approved a five-year nuclear safety plan, potentially removing a big hurdle to Chinese nuclear power projects. The 2011-2015 nuclear safety plan, which covers rules from uranium mining to nuclear power reactors, is a prologue to the keenly anticipated nuclear development plan. The uranium mining industry is anxious to see whether the country will modify its 2020 nuclear capacity targets, originally planning to increase nuclear capacity to over 70 gigawatts by 2020, up from 10.9 gigawatts at the end of last year. China’s National Nuclear Safety Administration, a department of the environmental protection ministry, is also expected to increase its staff to more than 1,000 from about 300. As a relative comparison, the United States Nuclear Regulatory Commission has approximately 3,780 employees overseeing 104 reactors.

Uranium spot market prices climb

Uranium spot market prices increased slightly to a reported $52.50 per pound of uranium on December 9, as indicated by TradeTech uranium consultants. A total of seven transactions were reported last week. The participants included electric utility operators, producers and traders.



Securities Disclosure: I, Dave Brown, hold no direct investment interest in any company mentioned in this article.


http://uraniuminvestingnews.com/9989/cgnpc-extract-husab-ura…


gehtwas

[Vizepraesident]

Ziemlich ruhig hier, wenn man bedenkt was hier noch passieren kann und hoffentlich wird!

In London wurde heute über dem Angebotspreis gekauft!

Kommt da noch was und das eventuell schon bald?

Ich bin noch voll dabei und freue mich auf die nächsten Wochen!



Viele Grüße

Vize

[gehtwas]

Antwort auf Beitrag Nr.: 42.486.958 von Vizepraesident am 15.12.11 17:20:41

Stimmt, ist schon eigenartig.

Möglicherweise nicht mehr viele Privatanleger drin


gehtwas

[Vizepraesident]

http://www.londonstockexchange.com/exchange/news/market-news…

[Vizepraesident]

Sorry


http://www.londonstockexchange.com/exchange/news/market-news…

LG

Vize

[geldrups]

Also ich pers. kenne mindestens 5 Personen, die um 2006 gekauft haben und nach wie vor drinnen sind.
Wie es aussieht, kriegen die Chinesen bei Kalahri die erforderlcihen Papierln für 50% nicht zusammen. Würde wohl bedeuten, daß sie ihr lausiges Angebot erhöhen müssen. Dazu im HC von einem Typen gelesen, der zig Jahre in Hongkong gearbeitet hat und die Mentalität kennt. Diese Person schätzt die Vorgangswiese wie folgt ein:
Erhöhung um 10%, dann wäre wieder der zweitgebotene Wert von ca. 270 pence erreicht. Die 10% wären fast exakt 268 pence. Die "8" ist eine lucky number, die im chinesischen Leben eine große Rolle spielt. Die 268 Pence könnten das zweite Gebot der Chinesen werden.

Mal sehen, ob es so kommt, klingt durchaus realistisch, lucky number hin oder her! Ein Traum wäre natürlich, wennn EXT zwecks maximierung des shareholder values ein blitzschnelles resourcenupgrade herausbringen würde (wenn auch nur in der inferred KAtegorie. Das würde die Chinesen ins trudeln bringen, zumal noch weniger shareholder zu verkaufen bereit wären. China hat keine Wahl, 28 Reaktoren im Bau! Zig weitere geplant!

stay long!

[gehtwas]

Ja - wir leben noch. Und endlich tauch auch der Nahme Rio Tinto mal wieder in dieser Story auf.


China group hones in on Extract • by: By Greg Roberts
• From: AAP
• January 23, 2012 3:05PM


A CHINESE nuclear company has moved a step closer to bidding for Australian uranium explorer Extract Resources but the target says it is still seeking alternative suitors.
State-owned China Guangdong Nuclear Power Group (CGNPC) is pursuing Extract because of its rights to the Husab uranium deposits in Namibia, reputedly the fourth-largest in the world.
Taurus Minerals - which is owned by CGNPC - announced on the London Stock Exchange in recent days it had acceptances and pledges for 30.8 per cent of Extract's major shareholder, Kalahari Minerals Plc.
Kalahari Minerals has a 42.74 per cent holding in Extract Resources, Taurus said in its statement, saying that CGNPC had a relevant interest in Kalahari.
This follows Taurus' $US979 million ($A937.87 million) takeover offer for Kalahari.
China wants new sources of uranium to help shore up resource security for the country.
The Australian Securities and Investments Commission (ASIC) last month said that under Australian law, CGNPC had to launch a takeover for Extract if it successfully acquired Kalahari.
A potential $2.2 billion offer would be at around $8.65 per share, according to Extract.
ASIC said that CGNPC would have to bid for Extract in less than four weeks if it acquired more than 50 per cent of Kalahari.
Extract said in a statement today that its board was still actively investigating all available alternatives that could maximise value for Extract shareholders.
"Extracts independent directors intend to make a recommendation in relation to the Taurus offer for Extract once such an offer is made," it said.
Rio Tinto is a possible rival as it operates the neighbouring Rossing uranium mine, owns 14 per cent of Extract, making it the second-biggest shareholder.
Separately, it also owns 11.5 per cent of Kalahari.
Rio has spoken to Extract about combining Rossing with Husab.
Husab has 280 million tonnes of uranium reserves.
Namibia is the world's fourth-largest uranium producer.
Shares in Extract were up once cent on Monday at $8.59 at 1441 AEDT compared with a flat performance by energy stocks.

http://www.heraldsun.com.au/news/breaking-news/china-group-h…

gehtwas

[gehtwas]

Es bleibt spannend

Uran: Extract Resources sucht Alternative zu CGNPC

EMFIS.COM - Perth 24.01.2012 (www.emfis.com) Der australische Urankonzern Extract Resources möchte sich nicht von der China Guangdong Nuclear Power Group schlucken lassen.


Wie lokale Medien mit Bezug auf Unternehmensinsider mitteilten, sei die Energiefirma von Down Under nicht begeistert von der Aussicht, bald zum Portfolio des chinesischen Energiekonzerns zu gehören. So befände sie sich auf der Suche nach anderen Möglichkeiten der Zukunftsgestaltung. Die Asiaten versuchen über eine Tochtergesellschaft namens Taurus, sich afrikanische Uranvorkommen zu sichern und möchte daher auch Kalahari Metals übernehmen, welche wiederum größter Anteilseigner von Extract ist (EMFIS berichtete).

Extract besitzt gewaltige Uranvorkommen

Extract ist für die Chinesen so interessant, da die Australier in Namibia enorme Uranlagerstätten und die Rechte daran ihr Eigen nennen. Es handelt dabei um das weltweit viertgrößte Vorkommen des Rohstoffs.



http://www.finanzen.net/nachricht/aktien/Uran-Extract-Resour…
gehtwas

[gehtwas]

Und damit sollte auch die letzte Hoffnung gestorben sein, das hier noch was geht

Oder ist jemand anderer Meinung?

Rio sells Kalahari stake to Chinese


Investor hopes of a bidding war for Extract Resources were last night all but dead after Rio Tinto sold its stake in the Perth group's biggest shareholder to China, scotching speculation it could mount a $2.2 billion counter offer.

Rio's decision to sell its 11.1 per cent stake in London-listed Kalahari Minerals into China Guangdong Nuclear Power's £632 million ($933 million) cash takeover puts the Chinese group in striking distance of the 50 per cent threshold that will force it to launch a downstream offer for Extract.

It could also open the door to a Rio-CGNPC joint venture, given Rio's Rossing mine is just 7km from Extract's Husab project in Namibia - one of the world's biggest undeveloped uranium deposits and the prize at the heart of CGNPC's bid for Kalahari.

Rio, which picked up stakes in Kalahari and Extract in 2008 has long been seen as a potential bidder for Extract.

However, more recent industry speculation has focused on the likelihood Rio could partner with CGNPC in a Husab-Rossing joint venture.

Either way, Extract shareholders should know by tomorrow whether they are facing an $8.65-a-share cash offer from CGNPC. Its offer for Kalahari, conditional on securing 50 per cent, is scheduled to close in London tonight.

Kalahari's biggest asset by far is its 42.7 per cent stake in Extract and Australian corporate law dictates it would have to launch a bid for Extract if it succeeds in taking control of Kalahari. It would have four weeks to do so.

According to a substantial shareholder notice lodged for Extract on January 20 CGNPC had secured 30.8 per cent of Kalahari. Coupled with Rio's stake CGNPC's stake now stands at about 41.9 per cent.

The board of Extract has yet to make a call on whether to recommend a CGNPC takeover, saying it would wait for such an offer to be launched before making a formal recommendation.

Rio was also staying mum about its intentions for its 14.2 per cent stake in Extract, with its Rossing unit saying in a statement that "a decision about whether to accept any Extract offer will be taken in due course in light of any recommendation provided by the board of Extract".

Shares in Extract closed unchanged at $8.55 yesterday.

http://au.news.yahoo.com/thewest/business/a/-/wa/12787865/ri…gehtwas

[Ikar]

tja- end of the game
Rio hat sich mit chinesischer Hilfe KAH geschnappt, damit effektiv 41 % von EXT, 9% sollten kein Problem sein.
KAH und Hohnen sind weich geworden. EXT shareholder machtlos bei dem ganzen Spiel.
traurig, da wär weit mehr möglich gewesen. Rio hat, was sie immer wollten, für wenig Geld einen Deal mit jemanden, der sie das Zeug in Rössing verarbeiten lässt, selbst, wenn Rio noch den ganzen Batzen übernehmen sollte, werden wir davon nichts sehen.

Lernen durfte ich, dass bei einer Ausnahmeresource 1 Run drin ist, Hoffnung auf weitere Runs bei massivem Interesse von Großen mach ich mir in Zukunft nicht mehr. Da wird solange gedreht, bis es zu einem kleinen Aufpreis durchgewunken wird.

Für mich wars das, trotzdem danke an Peter MacIntyre, solche %te hat man selten.

[gehtwas]

Antwort auf Beitrag Nr.: 42.699.686 von Ikar am 04.02.12 14:43:19

Aber die wehren sich noch

Obs was hilft, steht auf einem andereb Blatt

http://au.news.yahoo.com/thewest/business/a/-/wa/12819905/ex…

Extract Resources seeks other suitors


The Australian developer of one of the world's biggest uranium assets, Extract Resources, says it is still seeking alternative options after China inched closer to making a take-over offer.

State-owned China Guangdong Nuclear Power Group (CGNPC) subsidiary Taurus Minerals announced on Friday that it had secured 89.5 per cent of the stock in Extract's biggest shareholder, London Stock Exchange-listed Kalahari Minerals.

Extract said it would make a recommendation to shareholders once Taurus made an offer.

"In the meantime, shareholders are advised to take no action and await further guidance from the Extract independent directors, who are continuing to actively investigate whether there are any available alternatives that could maximise value for Extract shareholders," the company said in a statement on Monday.

The Australian Securities and Investments Commission (ASIC) has ruled that Taurus has to launch a take-over bid for Extract under Australian law if it acquires 50 per cent of Kalahari, which has a 42.74 per cent stake in Extract.





China is pursuing Australian-listed Extract because of its rights to the Husab uranium deposits in Namibia, the fourth-largest uranium-only deposit in the world.

Taurus must lodge a bidder's statement including an all-cash $A8.65 per share $2.1 billion take-over offer for Extract by March 1.

Rio Tinto, Extract's second largest shareholder with a 14.2 per cent stake, operates the neighbouring Rossing uranium mine and has previously discussed a joint development with the Australian entity.

Shares in Extract were up two cents to $8.59 at 1145 AEDT on Monday when they began trading again after being placed in a trading halt on Friday.

AAP

[gehtwas]

CGNPC bietet auch für Extract Resources


EMFIS.COM - Peking 07.02.2012 (www.emfis.com) Der chinesische Energiekonzern China Guangdong Nuclear Power Corporation bietet nach der Übernahme von Kalahari erwartungsgemäß auch für Extract.
Anzeige
.Jetzt mit Produkten der Société Générale in Rohstoffe investieren..

Wie mit dem Vorgang betraute Personen mitteilten, bereite CGNPC ein Übernahmeangebot für den Urankonzern Extract Resources vor. Nach der langersehnten Übernahme von Kalahari mit betätigten 89 % der Anteile, stehe nun wie zuvor angedeutet mit Extract die nächste Uranfirma auf der Kaufliste. Das Übernahmeangebot werde sich voraussichtlich auf etwa 2,2 Milliarden USD belaufen. Durch den Mehrheitserwerb des Unternehmens Kalahari habe der chinesische Konzern dort auch gleich dessen Anteil von 43 % an Extract übernommen.

Verkaufen auch die Großaktionäre?

Der Bergbauriese Rio Tinto und das japanische Unternehmen Itochu hielten bereits größere Anteile an Kalahari, die beide aber an CGNPC verkauften. Beide sind auch mit großen Aktienpaketen von Extract ausgestattet. Rio Tinto hält über 14 %, Itochu über 10 % der Dividendenpapiere des Konzerns. Da könnte eine Prämie fällig werden, damit an CGNPC verkauft wird.


http://www.finanzen.net/nachricht/rohstoffe/Uran-CGNPC-biete….

[gehtwas]

Das kommt zumindest für mich jetzt überaschend

Uran: Rio Tinto begehrt verstärkt afrikanische Vorkommen



Das Bergbauunternehmen Rio Tinto hat Interesse an der Uranmine von Extract Resources in Namibia signalisiert.

Wie lokale Medien mitteilten, habe der Energiechef des Konzerns, Doug Ritchie, ein Auge auf die Uranlagerstätten in dem Projekt Husab im Süden Afrikas geworfen. Demnach werde Rio Tinto eine Kooperation mit dem ultimativen Betreiber der Mine anstreben. Rio Tinto betreibe bereits die benachbarte Uranmine Rossing, und habe betont, daß die beiden Vorkommen von den Eignern sinnvollerweise kooperativ erschlossen und ausgebeutet werden könnten und sollten.

Das paßt China Guangdong wohl nicht in die Pläne

Das Vorkommen Husab gehört Extract Resources, eine 43 % -ige Tochter von Kallahari, die gerade von der chinesischen CGNPC übernommen wurde. Rio Tinto besitzt noch über 14 % der Anteile an Extract Resources und plant anscheinend, diese zu behalten.

http://www.derboersianer.com/maerkte/afrika/single/details/u…


gehtwas

[geldrups]

Rio hat wohl zu lange geschlafen! Rio hätte ewig Zeit gehabt, Kalahari Anteile - noch vor den Chinesen - einzusammeln. jetzt, wo die Chinesen fast 100% KAH halten und damit ca. 41% von EXT, ist es zu spät. Die Chinesen werden locker in der Lage sein über 50% zu bekommen und damit EXT zu kontrollieren!
RIO kauft Hathor um 11$/lbs und verschenkt EXT für 4 $/lbs.
Eine Idiotie sonder gleichen zum Schaden aller EXT holder!

[gehtwas]

Antwort auf Beitrag Nr.: 42.733.749 von geldrups am 10.02.12 17:13:55

Mir ist's recht, ich hatte wesentlich höheren Anteil HAT als EXT


Aber selbst das Gerücht kann uns hier schon weiter bringen. Nach unten denke ich sind wir save. Schau mer mal ob doch noch was nach oben geht.


gehtwas

[geldrups]

Ja, mal sehen!
Ich habe den Artikel von "der börsianer" automatisch übersetzt
in das HC Board "EXT" gestellt. Bis dato noch kein response, aber es ist Wochenende!
HAbe vor drei Wochen 1/3 meiner EXT verkauft und PEN - Optionen erworben: plus 70%. Wünschte, ich hätte mehr EXT in PEN eingetauscht!

Aber was soll´s, solange JL nicht empfiehlt, das downstream offer anzunehmen, lebt die Chance auf eine finale Kurssteigerung!
time will tell!
so long

[gehtwas]

Antwort auf Beitrag Nr.: 42.737.581 von geldrups am 11.02.12 19:56:49

Was ist PEN? Kenne ich gar nicht.

gehtwas

[geldrups]

Antwort auf Beitrag Nr.: 42.737.590 von gehtwas am 11.02.12 20:03:53

Peninsula energy, Frankfurt und ASX; ASX Kürzel PEN (stocknessmonster)
zwei Optionen: PENOA (bis 30. Juni 2012 und PENOC (bis mitte 2015)
Uran explorer mit top properties in Wyoming und Südafrika.
Permitting Process auf gutem Weg, aktuell streiterein mit Landholder next to the property.
aktuell 7,4 Cent, vor ca. einem JAhr 16 cent. durch eine Menge Teilgenehmigungen, die von der NRC bereits erteilt wurden,
ist ein erhebliches derisking eingetreten. Produktion: Anfang 2013 (für Optimitsten) Ende 2014 für Pessimisten. Ein interessanter Wert, vergleichbar mit EXT vor 5 Jahren.

[Moritz54]

Taurus launches unconditional all cash offer for Extract

Guckst Du:
http://newsalert.weblink.com.au/articles/article.asp?asx=EXT…

[Moritz54]

Und gleich noch das Statement von EXT:

"... Extract’s Independent Directors will carefully review the Taurus Bidder’s Statement and provide Extract shareholders with a Target’s Statement containing the Directors' recommendation and all relevant information to allow shareholders to make an informed decision on the Taurus Offer. Offers must be despatched to Extract shareholders by no later than 1 March 2012, at which point the Taurus Offer will open for acceptance. The
Taurus Offer must then remain open for at least 30 days.
In the meantime, shareholders are advised to take no action and await further guidance from Extract’s Independent Directors..."

http://clients2.weblink.com.au/clients/extractresources2/art…

Schau mer mal ...

[Moritz54]

Wie zu erwarten war. Kein weiterer Bieter in Sicht.
Aus die Maus. Oder?