EXT - Excite Technology Services

[bigdog]

http://www.extractresources.com/investors/top-20-shareholders.html
Shares held outside of top 20 is now down to 27,901,611 shares or 11.46% of total issued capital
-- in Sept 2009 this was 16.13% and in March 2009 was 18.39%

Top 20 Shareholders - 14 February 2011

Rank Name 14 Feb 11 ............. shares held % of total
1 KALAHARI URANIUM LIMITED 100,043,018 41.08%
2 RIO TINTO INTERNATIONAL HOLDINGS AUSTRALIA PTY LTD 35,705,693 14.66%
3 CITICORP NOMINEES PTY LIMITED 32,322,965 13.27%
4 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 13,898,484 5.71%
5 J P MORGAN NOMINEES AUSTRALIA LIMITED 8,028,905 3.30%
6 UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD 4,844,722 1.99%
7 NATIONAL NOMINEES LIMITED 4,585,656 1.88%
8 S G J INVESTMENTS PTY LTD 3,800,000 1.56%
9 CANADIAN REGISTER CONTROL 3,300,896 1.36%
10 JP MORGAN NOMINEES AUSTRALIA LIMITED 1,911,859 0.78%
11 ERIDITUS PTY LTD 1,333,565 0.55%
12 HSBC CUSTODY NOMINEES (AUSTRALIA) LTD 1,276,028 0.52%
13 UBS NOMINEES PTY LTD 850,000 0.35%
14 MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED 743,540 0.31%
15 SILVERLODE PTY LTD 600,000 0.25%
16 MR DAVID MICHAEL HONNER 595,000 0.24%
17 NEFCO NOMINEES PTY LTD 536,874 0.22%
18 COGENT NOMINEES PTY LIMITED 438,122 0.18%
19 AMP LIFE LIMITED 435,360 0.18%
20 MR KEITH WILLIAM SHEPPARD 400,000 0.16%

TOTAL 215,650,687 88.54%
Balance of Register 27,901,611 11.46%
Grand TOTAL 243,552,298 100.00%

 

[laurie]

That company in number 2 position is the one to look out for,they have an invested interest being at that level as a springboard for a takeover

laurie

 

[starman45]

After compression, the price has exploded and is directed towards the resistance 9,94 ish.
Daily chart.

View attachment 41383

HIT!!
daily chart.

 

[laurie]

First time I ever hear of the term "Compression" I always understood it to be consolidation, are you from Germany?

laurie

 

[starman45]

First time I ever hear of the term "Compression" I always understood it to be consolidation, are you from Germany?

laurie

I'm from Italy.:bekloppt:

 

[starman45]

Today there was a slight profit taking, with close above support 9.94.
Uptrend continues.
Daily chart.

 

[starman45]

Ugly red candle last Friday.
It caused the weekly close below support 9.95 ish.
There has been much decision of the sellers, but that is not the last one for the buyers.
Daily chart.

 

[Mr Z]

First time I ever hear of the term "Compression" I always understood it to be consolidation, are you from Germany?

laurie

Compression is a tight price range (or tightening) with low (or lowering) volatility, consolidation can be in a much wider price range and with greater volatility. They are not 100% interchangeable

 

[bigdog]

21/02/2011 8:36:00 AM Partnership Update
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01152701

PARTNERSHIP UPDATE
February 21, 2011: Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract") advises that it is currently holding discussions with Rio Tinto around a potential combination of the Husab Uranium Project with the neighbouring Rössing Uranium Mine, with a view to capturing the significant potential synergies that could be generated from a joint development of the two projects. Extract is also holding discussions with Kalahari Minerals Plc to explore various options that might simplify the Extract/Kalahari shareholding structure.

These discussions remain confidential and incomplete and there is no certainty that the parties will reach any agreement. Extract will continue to keep shareholders informed of any material developments.

About Extract Resources
Extract Resources Ltd is an international uranium exploration and development company whose primary focus is in Namibia. The company’s principal asset is its 100%-owned Husab Uranium Project which contains one of the fifth largest uranium only deposits in the world. Extensive exploration potential also exists for new uranium discoveries in the region. Extract Resources is listed on the Australian (ASX), Toronto (TSX) and Namibian (NSX) Stock Exchanges.

7075

 

[bigdog]

EXT SP EXT$9.550 $+0.310 +3.348% @ Tue 08 Mar 2011 10:06 AM

EXT response to KAH ANN
Possible Cash offer for Kalahari Minerals PLC
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01159464
"The independent directors of Extract will consider the implications of the announcement for Extract. In the meantime, shareholders are advised to take no action and await further advice from the Board."

KAH announcement overnight
http://www.kalahari-minerals.com/Ne...ash_Offer_for_Kalahari_Miner/News.aspx?id=247

Possible Recommended Cash Offer for Kalahari Minerals

07 March 2011
The CGNPC-URC Board and the Kalahari Board are pleased to announce that they are in discussions regarding a possible recommended cash offer by CGNPC-URC or a subsidiary undertaking of CGNPC-URC for the entire issued and to be issued share capital of Kalahari (the “Possible Offer”).

CGNPC-URC, a state-owned enterp rise in the PRC, has established strong relationships with domestic and overseas manufacturers and suppliers of natural uranium. An acquisition of Kalahari is therefore in line with its ongoing strategy to support development of important new sources of natural uranium supply.

The Possible Offer will comprise 290 pence in cash for each Kalahari Share (the “Offer Price”), valuing Kalahari's fully diluted share capital, including shares attributable to the Options and Convertible Loan Notes, at approximately £756 million.

The Possible Offer is at an attractive price and represents a premium of approximately:

• 11 per cent to the Closing Price of 260.25 pence per Kalahari Share on 4 March 2011, being the latest practicable Business Day prior to the commencement of the Offer Period;
  
• 21 per cent to the Closing Price of 239.75 pence per Kalahari Share on 18 February 2011, being the latest practicable Business Day prior to the announcement by Extract Resources Ltd (“Extract”) (in which Kalahari has a 42.79 per cent shareholding) that it was in discussions regarding a potential combination of Extract's Husab Uranium Project and Rio Tinto's Rössing Uranium Mine; and
  
• 38 per cent to the average Closing Price of 209.7 pence per Kalahari Share for the six months prior to and including 4 March 2011, being the latest practicable Business Day prior to the commencement of the Offer Period.

The Possible Offer is subject to a number of Pre-Conditions including certain regulatory clearances from the authorities in China and Australia as well as finalising the financing to the standards required by the City Code. CGNPC-URC reserves the right to waive any of the Pre-Conditions and, with the consent of the Panel, make any Pre-Condition set out in this announcement a condition to any formal offer.

CGNPC-URC intends to engage with the Australian Securities and Investments Commission (“ASIC”) prior to any Rule 2.5 Announcement, to confirm that any offer under Rule 2.5 of the City Code is in compliance with the Australian Corporations Act. CGNPC-URC will seek relief from ASIC to acquire a relevant interest in more than 20 per cent of Extract on a basis agreed between CGNPC-URC and ASIC.

The Kalahari Board has indicated to the CGNPC-URC Board that should a firm intention to make an offer under Rule 2.5 of the City Code be made on the terms of the Possible Offer, the Kalahari Board intends to recommend that Kalahari’s shareholders accept such offer.

To demonstrate their commitment to the Possible Offer, CGNPC-URC and Kalahari have entered into the Implementation Agreement providing certain assurances and confirmations between the parties, including mutual break fees.

CGNPC-URC has received irrevocable undertakings from each member of the Kalahari Board (other than Takashi Yasuda who does not own any shares) to accept the Possible Offer upon it being made, subject to there being no Superior Proposal representing an improvement of 5.0 per cent to the value of the consideration under the Possible Offer, in respect of their entire holdings of Kalahari Shares including an offer for their Options (being, in aggregate 19,549,006 Kalahari Shares which represent approximately 7.3 per cent of the fully diluted share capital of Kalahari).

7874

 

[bigdog]

There is every chance of a counter bid to CGNPC-URC bid announced by KAH; one would expect more than one offer!!!

RIO are a significant shareholder (in KAH and EXT)

SP high today has been $10.00

Current SP EXT$9.870 $+0.610 +6.587% @ Tue 08 Mar 2011 12:12 PM

 

[bigdog]

Extract is on the move again today to one year high

Low of $5.96 in Oct 2010

High today of 10.640

EXT$10.580 +$0.640 +6.439% today at Wed 09 Mar 2011 10:24 AM

8014

 

[bigdog]

CGNPC Uranium Resources Co Ltd (“CGNPC-URC”) has stated that it intends to seek relief from the Australian Securities and Investments Commission (“ASIC”) to acquire a relevant interest in more than 20% of the issued voting shares in Extract.

The market liked the ANN with EXT SP $10.730 +0.790 +7.948% @ Wed 09 Mar 2011 10:41 AM

9/03/2011 10:14:00 AM Update of Extract`s position on possible Kalahari Offer
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01159894

ASX/MEDIA RELEASE
Update on Extract’s position in relation to the possible offer for Kalahari Minerals

March 9, 2011: Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or “the Company”) refers to its announcement on 8 March 2011 “Possible Cash Offer for Kalahari Minerals”.

Extract notes that CGNPC Uranium Resources Co Ltd (“CGNPC-URC”) has stated that it intends to seek relief from the Australian Securities and Investments Commission (“ASIC”) to acquire a relevant interest in more than 20% of the issued voting shares in Extract. In order to ensure that the best interests of all Extract shareholders are protected, the independent directors of Extract intend to make submissions to ASIC that any such relief should either:

• be granted on condition that CGNPC-URC's offer for Kalahari only proceeds if all Extract shareholders are not disadvantaged in any way, and that all Extract shareholders are afforded the opportunity to have the effective benefit of CGNPC-URC's offer on no less than equivalent terms to those offered to Kalahari shareholders; or

• not be granted.

The independent directors of Extract will keep shareholders informed of material developments on this matter. This would include opining on any proposal or offer for Extract at the appropriate time.

In the meantime, Extract intends to continue with its existing activities, which include progressing the Definitive Feasibility Study for the Husab Uranium Project and the planned exploration programme. Extract will also continue to explore and evaluate all options to enhanc

 

[Sean K]

Have you kept your original stake in this bigdog?

Must admit, this was a huge missed opportunity. When they started coming out with the 1500ppm + over large intervals and spacing it should have rung more bells. Well, it did ring lots of bells didn't it. I just didn't buy the bloody thing.

 

[bigdog]

Kennas, yes I still hold EXT

http://www.wabusinessnews.com.au/en...A&utm_medium=email&utm_campaign=article_click

Extract wants suitor to make full bid
9-March-11 by AAP

Extract Resources says it will oppose a takeover attempt of its largest shareholder by a Chinese state-owned uranium firm unless the Chinese company makes a full bid for the parent.

The move by the Chinese group, if successful, would give the suitor almost 43 per cent of Extract's share register, without triggering the 20 per cent takeover threshold under Australian law.

Chinese state-owned CGNPC Uranium Resources Co wants to bid for Kalahari Minerals, Extract's second biggest shareholder, and has sought approval from the Australian Securities and Investments Commission for the deal.

Kalahari owns 42.79 per cent of Extract and is listed on the Namibian Stock Exchange in southern Africa, where Extract holds the Husab project, which it says is the world's fifth-largest known uranium deposit.

Extract, a uranium hopeful, released a statement on Wednesday saying it would only agree to the takeover for Kalahari on condition that a full bid was made for Extract.

"On condition that CGNPC-URC's offer for Kalahari only proceeds if all Extract shareholders are not disadvantaged in any way," the statement said.

"And that all Extract shareholders are afforded the opportunity to have the effective benefit of CGNPC-URC's offer on no less than equivalent terms to those offered to Kalahari shareholders."

Rio Tinto owns 14.7 per cent of Extract and 11.5 per cent of Kalahari and had been hoping to develop the Husab project itself by combining it with its neighbouring Rossing uranium mine.

Resource-hungry China is keen to secure uranium for nuclear power and is interested in African assets.

Last year, CGNPC signed memorandum of understanding with Namibia and Malawi-focused Australian uranium miner Paladin Energy.

Shares in Extract closed up 79 cents, or 7.95 per cent, at $10.73, after lifting 7.34 per cent on Tuesday.

Kalahari's shares on London's Alternative Investment Market for small cap stocks jumped 5.61 per cent to close at STG3.01 ($A4.82) after lifting nearly 10 per cent the day before.


http://www.businessday.com.au/business/extract-looks-to-shield-shareholders-20110309-1bn5h.html

Extract looks to shield shareholders
March 9, 2011 - 10:47AM

Extract Resources plans to ask Australia's securities regulator to protect its shareholders' interests in the event China Guangdong Nuclear Power Holding Corp goes ahead with a takeover of its top shareholder, Kalahari Minerals.

Extract is 43 per cent owned by Kalahari. If the Chinese state-owned firm gains control of Kalahari, it will cross the 20 per cent threshold at which it would normally be forced to make a takeover offer for Extract

8096

 

[bigdog]

http://www.businessspectator.com.au...dale-Oz-pd20110310-ESRBE?OpenDocument&src=sph

BREAKFAST DEALS: Rio tangles
Supratim Adhikari
Published 7:32 AM, 10 Mar 2011

Rio Tinto finds itself involved in another complicated deal as the market bets on a full takeover bid from CGNPC for uranium miner Extract Resources. With the Chinese company looking to buy Extract’s major shareholder Kalahari Minerals there are some who reckon Rio could lob a bid of its own for Kalahari.

Rio Tinto, Extract Resources, Kalahari Minerals, Riversdale Mining

Rio Tinto may be back in growth mode but it is making a habit of getting involved in complicated deals across the globe. First there was the legal argy bargy with Ivanhoe Mines with regards to their partnership in Mongolia, then there is the ongoing tussle for Riversdale Mining and complicated share registry and now the interesting situation with Extract Resources, Kalahari Minerals and its suitor China’s CGNPC Uranium Resources. Rio is hoping to merge its Rossing uranium mine with Extract’s neighbouring Husab uranium project, often touted as the largest undeveloped uranium deposit in the world.

However, Extract’s major shareholder Kalahari, which holds a 43 per cent stake in the miner, is now facing a $US1.2 billion takeover offer from CGNPC and that could make things complicated. Extract shares have soared over $10.50 on the takeover news, and with the miner seen as the real motivation for CGNPC’s move on Kalahari it’s no surprise that Extract’s management has asked the Australian Securities and Investments Commission to ensure that the CGNPC offer is extended to its shareholders. CGNPC has asked for exemption from ASIC with regards to the takeover rule that would automatically force it to make an offer for the rest of Extract's shares if it gains control of Kalahari. However, Extract’s roaring share price would indicate that many expect the corporate regulator to vote against the Chinese entity.

So where does Rio stand in all of this if CGNPC does choose to push through with its bid for Kalahari and Extract? Well for one thing, Rio holds a stake in both companies and can choose not to sell that to the Chinese. However, there is talk that the mining giant could counter CGNPC’s move by launching its own bid for Kalahari to acquire its stake in Extract and not have to launch an accompanying bid for Extract. Unlike CGNPC, Rio will have no trouble getting the takeover relief from ASIC. CGNPC has signalled that it may not proceed with its bid unless it gets the exemption from ASIC, but given its deep pockets and Husab’s promising prospects it may not be completely averse to wrapping up both Kalahari and Extract.

It will be interesting to see how Rio reacts to that scenario but the miner does have a more immediate decision to make with regards to its $3.9 billion bid for Riversdale. The offer has already been extended twice and there is speculation that Rio may have to sweeten its offer to get Riversdale’s major shareholders on board.

The whole affair is starting to look like Peabody’s failed tilt for Macarthur Coal last year. Peabody was stymied by one of the three major stakeholders in Macarthur and there are fears in some quarters that the same fate may await Rio.

 

[bigdog]

The share price is improving since the Japan earthquake!



The market liked todays ANN!!
EXT$8.240 +0.260 +3.258%

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01168185
ASX/TSX/NSX/MEDIA RELEASE
5 April 2011
Extension of EPL 3138
Extract Resources Limited (ASX/TSX/NSX: EXT) ("Extract" or the “Company”) is pleased to announce that Extract’s wholly owned subsidiary, Swakop Uranium (Pty) Ltd, has received a two year extension for EPL 3138 (to April 2013), which covers the area where the Husab Uranium Project is located (see Figure 1). The extension will allow Extract to continue its exploration program over the 15 kilometre prospective stratigraphic trend from the northern end of Zone 1, south to Salem.

Extract Resources CEO and Managing Director Mr Jonathan Leslie said: “This is an extremely positive outcome for the Company and confirms the Namibian Government’s support for the Project and the exploration completed by the Company to date.”

9129

 

[bigdog]

The SP was belted yesterday!
down 83 cents to close at 7.57

Date......... Open ..High ...Low Close Volume
28/04/2011 8.350 8.400 7.480 7.570 3,371,878
27/04/2011 8.300 8.450 8.290 8.400 424,932
21/04/2011 8.390 8.490 8.370 8.460 250,809

ASX ANN TODAY

29/04/2011 8:21:00 AM Response to ASX Price Query
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01175179

Re: ASX Price and Volume Query

I refer to your queries in relation to the change in price and volume of the listed securities of Extract Resources Ltd (“the Company”) on Thursday 28 April 2011 and offer the following response to your questions:

1. The Company is not aware of any information that has not been announced which, if known, could be an explanation for recent trading in its securities.

2. Not applicable

3. The Company notes media speculation, in particular in relation to purported statements made by the Namibian Mines and Energy Minister Isak Katali, regarding Epangelo Mining Company, which is a state owned mining investment company. The Company will seek clarity from the Government of Namibia in relation to these comments.

In the meantime, the Company believes that these statements have been taken out of context and reiterates that the Government of Namibia continues to be supportive of Extract and the Husab Uranium Project. We will update the market if there is anything material to report with respect to the above or in relation to our mining licence application.

4. We confirm that to the best of our knowledge the Company is in compliance with the listing rules in particular, listing rule 3.1.

 

[bigdog]

02/05/2011 9:28:00 AM Trading Halt
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01176599


2/05/2011 8:28:00 AM Update on Proposed Policy Changes
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01176500

ASX/MEDIA RELEASE
Extract confident the Husab Uranium Project will not be adversely affected by proposed changes to Namibian Minerals Policy

2 May, 2011: Extract Resources Ltd (ASX/TSX/NSX: EXT) ("Extract") endorses the press statement on
29 April 2011 (attached) by The Chamber of Mines of Namibia which outlines the Chamber’s position
with respect to statements made by the Namibian Mines and Energy Minister, Hon. Isak Katali, on 20
April 2011 regarding the potential involvement of state-owned mining company Epangelo (Pty) Ltd in
strategic minerals in Namibia.

Extract is confident that the proposed policy changes will not adversely affect its Exclusive Prospecting
Licences (EPL) or its Husab Uranium Project Mining Licence Application (MLA), lodged on 10
December 2010.

Extract continues to have regular and positive consultation with the Government of Namibia in relation
to its Husab Uranium Project and points out that EPL 3138, which applies to the area within which the
Husab Uranium Project Mining Licence Application is situated, was recently renewed for a further twoyear
period to 30 April 2013.

 

[panikhide]

EXT up over 10% so far today. Are we safe from Nambian-inspired jitters yet?