Stock Market Investing - Midas on Kalahari Minerals

Stock Market News

Midas recommended buying shares in Kalahari Minerals, an exploration and mining company with interests in Namibia, when they were at 43p back in February. They are now 112p, an increase of 162%, so well done Midas !

Kalahari Minerals had on 13 May a 37.53% stake in Extract Resources (not quite accurate apparently as they really hve 86.38 million shares not 85.725 million)), an Australian company.

Midas says that it is unlikely that the recent momentum will continue. However, there is further positive news expected from Extract in August and large investors are in the process of stake building, so Midas expects the share price to rise further over the next few months.

Midas says take some profits (assuming you bought them early enough) but hold on to half of your stock, until August at least.

Growth Company Investor also mentioned Kalahari when they were at 15p three years ago, and they too say partial profit taking might be the prudent course of action, although there could be "more to play for".

Kalahari Minerals 3 year Chart