KAH has now published a letter to its shareholders:See...

KAH has now published a letter to its shareholders:

See http://www.kalahari-minerals.com/DesktopModules/Bring2mind/DMX/Download.aspx?EntryId=3178&PortalId=16&DownloadMethod=attachment

"In an announcement to the ASX on Monday 8th December, Extract’s Managing Director, Peter McIntyre has suggested that Extract has concerns that the removal of Mr Buchan will mean that there is not a majority of independent directors on its board. The reality is that corporate governance is not a “one size fits all” proposition and many listed junior companies are in this position. It is certainly not the case, as the announcement suggests, that the independence of the Extract board will be compromised, as Kalahari will continue to have only two nominees on a board of five, in proportion to its shareholding.

In any event, Kalahari’s primary concern is maximising the value of Extract’s assets – especially Rossing South – and in that our interests are 100% aligned with those of all other Extract shareholders."

Poor old Peter Mc, I think he's getting caught in the crossfire. I also think the last para says all we need to know.