RNS today www.investegate.co.uk/Article.aspx?id=20101210070000PC65B
"...Kalahari Minerals plc, the AIM listed resource company, is pleased to announce
that it intends to apply for a Standard Listing of its ordinary share capital
to the Official List of the UK Listing Authority ('UKLA') ('the Official List')
and to trade on the London Stock Exchange's Main Market for listed securities
('Admission')...."
Does this suggest that KAH intends to see the Extract project through to production and beyond? Or is is part of an exit strategy?
I was very fortunate to re-enter KAH just a few weeks ago (October) at 148p - partly because that share price seemed just too low and partly in response to the implied discount vs Extract. But to be honest without very much thought or analysis.
Since then the share price has surged to around 240p.
Re-entry seemed a no-brainer - but now after the recent very fast run and with today's news I'll have to think rather more deeply about valuation.
Any recent analyst work out there?
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