big buyer, page-10

Joker,

Pure speculation but since Fimat Aust has accumulated 2,421,535 million shares without selling even one share at an average buy price of $1.2685 then you would think that their French parent company would have knowledge of this.

Are they representing Areva? Who knows.

As you all no doubt know, Areva tried to take over SMM (in Queensland) and they are also builders of nuclear power plants all over the world, they are huge.

We know they successfully took over Uramin.

If Areva are wanting to take over EXT then I only hope that PDN jumps in like they did with SMM. PDN won that battle but only after they pushed the price of SMM up, who knows who would win this battle?

Maybe EXT's neighbour RIO won't want either one to win, maybe they will jump in to prevent any of these companies gaining a foothold in the Rossing South area, a natural extension of their existing giant Rossing mine.

If all this was brewing then I think you would want to be holding EXT before the tussle takes place.

A recent beneficiary of a takeover attempt was Xemplar whose share price (I believe) tripled in four weeks thanks to this sort of activity.

All very exciting but we won't know if there is any basis to any of it until it actually happens.