Kalahari in takeover bid
A CHINESE s t at e-owned uranium firm has launched a takeover bid for Extract R e s o u r c e s L t d ’ s l a r g e s t shareholder, Kalahari Minerals plc.
K a l a h a r i ’ s s h a r e s o n London’s Alternative Investment Market for small cap stocks jumped 9.51 per cent to close at $ 4.57 overnight.
Kalahari is also listed on t h e N a m i b i a n S t o c k E x c h a n g e i n s o u t h e r n Africa, where Extract holds the Husab project, which it says is the world’s fifthlargest uranium deposit.
Extract yesterday said it would consider the implications of a possible recommended cash takeover offer for Kalahari.