RE: Shares on issueFrom what I understand that Nambia has strange laws when it comes to mining.
They give the same land to different companies depending on what you are looking for.
For instance, someone could have the right to look for Copper, on the same land where someone else has the right to look for uranium, then someone else might have the right to look for sandstone and so on.
I believe this company Savanna I think their name is, had the right to look for Dimension stone only, and it is only in the North part of BAN's land, not where BAN is drilling right now.
I believe they are trying to have nuclear fuels added to their licence, from what I understand, that when BAN applied for their lands any company had 6 months to object in Nambia.
Apparently it took about a year for BAN to get approval from the Nambian government for drilling and Savanna never said anything during the whole year never mind the 6 months rule.
I guess now that they realize how much the land could be worth if they got the rights to look for uranium, especially after the success of both BAN, EXT, and Rossing finding more.
Even if their chances to win the case are very little it is still worth it for them to try.
As EXT proves up their deposit, there could be little old German colony companies in Nambia that might have the right to look for gravel on EXT's land, might figure out that trying to get Nuclear fuels added to their licence on EXT's land, would be like winning the lottery.
Personally I believe that both BAN and EXT are to far along to lose their land to any of these old german companies.
Both companies are close to hiring many locals as they develop their deposits.
With so much poverty in the country giving jobs to the locals is something I believe will keep BAN owning their lands, besides the legal arguments on their side.
Example of Savanna not objecting when they had 6 months to do so.
At least that is the way I see it.
Cheers.