Extract extracts $61m from Kalahari -Now has ~$100m cash

Announcement:

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.

Two nice bits of news for EXT shareholders…. EXT has announced a $60m million placement to Kalahari taking Kalahari to 42.83% up from 41.2% giving EXT ~$100m to develop the Husab project which has the potential to become one of the world’s top four uranium mines by production around 2014.

The second bit of news comes from RCR who think that Uranium could reach $70 in 2011 and this will support development decisions for both EXT and Bannerman Resources (ASX BMN) both of whom have large uranium projects in Namibia.

http://www.australianuranium.com.au/Australian-Uranium-Stocks-by-Resource.html

Leave a Reply

Your email address will not be published. Required fields are marked *