london kalahari price, page-9

The way that i see it is that RIO have taken a strategic initial position in EXT and they had the need to buy while the price is reatively cheap compared to what it will be in approx 1 yrs time.

They had to buy at market which in due course pushed the price upwards to enable them to accumulate.

It has been noted in an article posted on here yesterday that there most likely won't be any corporate action by RIO for EXT for another year so I wouldn't be expecting too much more buying from them in the immediate future.

We also need to keep in mind that even though it would be nice for the share price to remain boyant above RIO's $1.20 purchase it is quite common for a share price to dip below cap raising figures or major purchase prices as in this case from time to time so i wouldn't be expecting the price to rise to great heights in the near future as nice as it might be.

Also keeping in mind that the market cap for EXT at the moment is 250 million which IMO is extemely high for the stage that they are at and i feel that the market has already factored in SR to the share price to a fair degree. A takeover offer of course would change that situation which according to the article might be in 1 yrs time so the future of EXT looks pretty good to me but we might have to wait a while longer before we see some strong price action to the upside.

Champ