I attended NWTs (single largest shareholder of Niger Uranium) AGM on Tuesday in Toronto,where the Managment seemed pretty confident,that Extract/Kalahari would be sold by the end of the summer.
Further confirmation for this was posted from Marben100 on an english Board.
He attended the EGM of Kalahari today,here is what he wrote:
"Kalahari EGM Jul 02
I attended this morning’s EGM but first, I must hold my hands up to having missed the train that I had intended to catch and, as a result, missed the formal meeting. Nevertheless, my trip accomplished its main purpose.
The formal meeting was quick (I was only about 6 minutes late). It appeared to have been chaired by David de Jongh Weill, no other Board members or Rio representatives were present (so it was clearly viewed as a formality) and I raised my questions with him when I arrived. He advised that Coronet had not voted – and that all resolutions had been duly carried. In conversation with analysts after the meeting DdJW indicated that “Extract executives had been the problem” and that “Mark [Hohnen] had done an excellent job”. I will leave it to you to draw your own conclusions, however, the fact that Coronet didn’t vote indicates to me that a clear agreement must have been reached with Peter McIntyre.
DdJW also appeared to indicate to the analysts that some form of deal regarding the development of Rossing South was close to being struck. I asked him whether any Extract Board members had met with the Russian delegation last week. He said that he did not know. From his tone, I formed the impression that the answer was probably “no”."
EXT Price at posting:
$6.24 Sentiment: ST Buy Disclosure: Held
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