cheers fw,nothing worth mentioning in this article except that...

cheers fw,

nothing worth mentioning in this article except that this guy always seems to get his figures wrong.
Harlee might be pleased if Extract went for just over a billion sterling, that would be double her $5 target ...


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Kalahari in Namibia merger plan
Companies: KAH
05/09/2008
Namibia-focused Kalahari Minerals plans to merge with uranium play Extract Resources through a reverse takeover.
Under the proposed deal, AIM-quoted Kalahari, headed by entrepreneur Mark Hohnen, will issue 1.6 shares for each share in Aussie-quoted Extract, where London-based Kalahari already owns a 39.1 per cent stake.
The deal would bring Extract’s potentially promising Rossing South uranium project in Namibia under the same roof as Kalahari’s copper and base metal projects in the same country, including one at Dordabis and Witvlei, where the company hopes to define a copper resource of 250,000 tonnes.
If successful, the deal will combine Kalahari, with an AIM tag of £51million at 30.5p, with Extract, also quoted in Toronto, valued at the equivalent of £1095 million Down Under. The two companies say the combined group would start with around £15 million cash.

Robert Tyerman
http://www.growthcompany.co.uk/aim/news/640886/kalahari-in-namibia-merger-plan.thtml