kalahari raises cash & lays it on the line, page-31

all same gang IMO

URU & EML


April 27, 2008

Stephen Dattels
RESULTS FOR 2008
Ranking: 1446=
Worth: £50m
Source of wealth: Industry

Uranium mining group UraMin, which was founded in 2005 by its executive deputy chairman, Dattels, 60, operates in South Africa, Namibia and the Central African Republic. It was bought last year by the French state-owned Areva, a leading builder of nuclear energy plants, for $2.5 billion. Dattels, a Canadian lawyer based in London, made about $100m from the deal. We value him at £50m

Mr. Stephen R. Dattels, UraMin's founder and Executive Deputy Chairman said today that "UraMin's potential production capability gives AREVA the opportunity to strengthen its position as one of the largest uranium producers in the world.Combined with the integrated business model of AREVA all along the nuclear value chain, access to long-term sources of uranium will reinforce AREVA's ability to provide security of supply to its customers.For UraMin's shareholders, the proposed offer by AREVA provides a unique opportunity to realize an attractive premium today and to participate in an exciting new uranium vehicle with drill ready properties in Niger."

Mr. Dattels went on to say, "I would like to thank the directors, management and employees of UraMin for their tremendous contribution since the inception of UraMin in 2005.