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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (9470)	5/7/2005 6:04:12 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

David, on "purity" .. not sure what exactly you are referring to.. If you are referring to 1) Ore "grade" then you are right that the percentage of U3O8 per ton of ore is way lower in Aflease's deposit. However, ERA.AX isn't far above that, yet it's been valued at a similar reserve base valuation as CCJ.. I guess mining lower grade ore might be cheaper. I heard that for Athabasca high grade U-ore, remote mining needs to be instigated. Open pit mining in South Africa must be cheaper.. this might be one of the factors play here.. 2) JORC/NIR compliance.. well half of Aflease reserve is JORC compliant, other half is inferred. The figure I used was the ex-post number if they complete the takeover of Harmony Gold's Uranium mines (currently shut down) currently on MOU status.. best rgrds Marcus

To: Taikun who wrote (9470)	5/10/2005 2:13:11 PM
From: Crossy	Respond to of 37387

re: Aflease Gold & Uranium (AFL.ZA, AF8.F, AFLUY.PK) already climbing to 400 South African Rand or €0,51 today.. fin.jse.co.za rgrds CROSSY

To: Taikun who wrote (9470)	5/26/2005 11:00:24 AM
From: El Canadiense	Read Replies (1) \| Respond to of 37387

Aflease - Withdrawal Of Cautionary Announcement Release Date: 26/05/2005 08:30:01 Code(s): AFL Aflease - Withdrawal of cautionary announcement Aflease Gold and Uranium Resources Limited (Formerly The Afrikander Lease Limited) (Incorporated in the Republic of South Africa) AFL (JSE) AFKDY (NASDAQ) (Registration number 1921/006955/06) Share Code: AFL ISIN: ZAE000061461 ("Aflease") WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcements dated 3 February 2005, 17 March 2005 and 12 May 2005, and are advised that Aflease today announced that it had decided to terminate its agreement with Harmony Gold Mining Company Limited ("Harmony") relating to the potential acquisition of Harmony"s uranium assets. The decision follows the due diligence conducted by Aflease pursuant to that agreement, consisting of a detailed drilling analysis of several of the tailings dams on Harmony"s properties. The due diligence established that the uranium resource fell short of expectations. The agreement has accordingly been terminated, with the result that no further monies are due and payable by Aflease thereunder. Neal Froneman, chief executive officer of Aflease, said: "We were disappointed to have to terminate our agreement with Harmony; in view of the results of our due diligence, however, we had no alternative. We continue," he said," to actively look for other virgin sources of uranium and uranium exploration properties in South Africa." Froneman noted that Aflease remained firmly on track to deliver the first consignment of uranium to market from its Klerksdorp operations early 2007. Accordingly, caution is no longer required to be exercised by shareholders when dealing in their Aflease shares. Johannesburg 26 May 2005 Investment bank and sponsor Nedbank Capital Date: 26/05/2005 08:30:03 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department