do not sell youselves short

Good morning to all holders.

I listened to Peter Mc on boardroom radio, and he
stated that one of the main reasons he wants the merger
is liquidity in the shares.
well that has been blown out of the water with RIOs
present holding.

He also talks about synergies, the only synergy I can see
happening is that KALAHARI GETS ALL THE GAINS, not
EXT, KAHs holding goes from 39% to 46%.
And we get some zinc&lead also copper,I could not give
rats about those metals.
We have $30 million in cash and they KAH have $10m in
cash, we do not need kah to merge with us.

IMHO we would be better off staying as we are a straight
U Explorer -Miner.
I hope the Big Boys in town our major S/Hs see through
this back door T/O and knock it back.
Because we will have much more value in being, just in
Uranium.
Lordy.
You stated yesterday that you can not see this being
settled for a measly $2 I think the dust will settle
somewhere between $3-$5, and I think it will happen
before Sept 09.
I come to a different conclusion.
The company stated they hope to have somwhere between
150 Million and 190 Million Ibs of Uranium in zone 1,
Say Zone 2 has the same.
So lets say we have 300 Million Ibs of URANIUM that is
worth $1.5 Billion on todays value and that is being
very conservative, We still have 9 ks of strike to go,
Also that is not including IDA DOME and HILDENHOF.
Lets say for arguments sake, we have 700 MILLION Ibs
of uranium at Rossing South, and imho that also is very
very conservative, the reason i say very conservative
is that the Uranium is open at depth.

The value of 700 Million Ib of Uranium is $3.5 Billion
That works out to be over $16 a share.
also that is not allowing for the upside of the price
of U.
So let RIO pay for that 700 million Ib of U.
And they can have the other known deposits.

We should in no way sell ourselves short.
This is just not my assumption, it is my accountants as
well.
The other thing I would like to say is all my friends
and myself will not accept the merger in its present
form we are being dudded.
Have a good think before you accept the offer.

Regards Simrose.
DYOR.