If the buyers are starting to return to the market on a global basis, and with Kalahari increasing their stake via stealth (when is KAH going to file their increased shareholding?), the spotlight must be returned to the Rossing South deposits.
Also Polo surely will place their EXT shares with a government entity at a premium.
In addition, the movement of the head office from Perth to London is a rather large positive signal. 1. Could the KAH-EXT pyramid be collapsed once the move is complete? 2. London is the back yard of Russia. 3. Main capital market mining bankers, Rothchilds, JPM, RBC, etc are all based in London. 4. non-stop flights to Namibia 5. KEPCO and Korea Resources Corp are already on record saying they might make a joint bid for Extract (a March 2010 announcement). AREVA, Cameco and other uranium companies frequent London often.
EXT should be much higher if one looks deep enough into the signals being sent by EXT and Kalahari.
Cait
EXT Price at posting:
$6.68 Sentiment: None Disclosure: Not Held
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