Found this article: http://www.singpao.com/NewsArticle.aspx?NewsID=196492&Lang=tc
It is some days old and it needs translation, but some company (can't make out its name) who is in Iron Ore is supposedly in a deal with GNPC to sell its 14.7% share in Kalahari to them, could this be why it's SP has been slipping lately?
Here is a paragraph translated by Google: "Wang Lishan said the group intends to sell 14.7% of Kalahari Minerals hold income holdings of Mount Gibson to pay the funds required. She said that currently China Guangdong Nuclear Power Group (CGNPC) intends to spend $ 200 million purchase of the Kalahari, but the two sides is in talks."
Also an interesting paragraph regarding Australian Politics and the mining tax: " Asked about the Australian Government will implement the mineral resource tax impact on the company, Chief Executive Officer of Feng Jiaxin frankly, the taxes have an adverse effect on the company, but it is difficult to predict its impact on profits. He pointed out that the Group will consider the future political stability in the region looking for investment opportunities, such as Mongolia."
What do people make out of this article?
Both parties have been very quiet.
EXT Price at posting:
$7.65 Sentiment: Hold Disclosure: Held
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