ext rio scenario ?!

Hi all

Like to thank all for their input no need to name them, the posts have been educational
And informative.

Have not posted much in the past, but have been on ext for 3yrs now and others U stocks going back to pdn ggy dyl ; ggy & dyl the first
Im still a holder of ext and maybe a bit heavily weighted that way, but I have good faith in the resource.

There is something that concerns me as it is preoccupying my mind for some time
It may have already been covered in the past; I can’t read all post due to work etc
My concern is more about power (control) than the price as power will control the price.
In my opinion
I ‘am not a corporate wiz or economist so hopefully someone here could ease my concerns

So I’d like to treat this as a question
First a preamble

I have read (outside hc) P Mc saying (words to effect) that he could see a possible joint venture with Rio as they already have a mine up the road. (Makes econ sense)
Also read a Rio news statement where they indicated the same. (Same as above)
In a Hayward report they indicated and showed a block chart of how the jockeys are saddling up in the various stables. Also a bloke from UK that frequents here has done plenty of good searching and found this to be correct.
Dattels /Polo statement says they want the best for the share holders and don’t want Rio to get ext for a song.
Well dattels/polo is a share holder so they want the highest price for themselves at the end of the day or play. I don’t think they have us small punters at heart. !!
But needs us as they go about manipulating and capping the price for their accumulation.
And mopping up share like today and last Thursday afternoon

The capping and manipulation has been going on for years before Polo

So after reading some posts here I don’t suspect the punters but do hold reservations about what the jockeys are up to on the other side of the ext barrier.

Some one(s) said they worked out a resource of 10bil etc etc and it may all be true on what has been drilled
Well I would find it hard to believe that from outside the drill sites from Rossing Nth all the way down to Ida Dome is a void of sand, not to mention the flanks and depth.
PDN DYL BMN and 30 yrs of rossing all are surrounding this ext lease area.
So to me this is “HUGE “how does anyone put a price on this, in this GFC?!
10 bil looks cheap BUT has/can Rio come up with the funds? Not on there own.
Rio to me has made some, well, silly decisions.
First was that aluminium buy for 40bil at the time I just shook my head and it was debt money
Second they were thinking of getting out of rossing when the ozzy and Canadian explorers were moving in, and Rio had 30 yrs to drill next door.
Third BHP take over lost, now their cap in hand.
Rio wants in and is jockeying to do so and with minimum finance.
So I wonder if they will try to do via the jockeys.
Get power control via board room and this can be done via share
Accumulation.

Rio already joint venture with the Rossing and Era mines

So if a merger then minimal funds upfront, but what about the punters?

So my question is this, is it possible for a merger? Not a take over

Either with share holder approval (as in the punters with less than a mil shares? how is voting structured, one share one vote or one share holder (hin) one vote)?
Or without share holder approval

Now if such a merger was to go through how would it look?

(Example only)
Would a deal like ext supply lease, Rio supply plant and funds then profit split 70/30?

What would happen to share price. If this was to happen what would the dividends be?

And one more general question for the more informed than me

Is it possible (for any asx stock) to do off market transfer at any price to any one

Example if a stock price was say all time high say $10 last year and one now want sell on to someone for $15 today closing price yesterday $5 is this allowed under asx rules

I don’t want to do this but was wondering. If it is possible.

Any replies are welcome, this is not a up ramp or down ramp or any such head work.

Names have been removed to protect the innocent.


Ohh And the subject about the future of uranium I believe its going to be HUGE.
I’D like to leave that topic for another day and a mineable ore in oz that will go with that big picture. One doesn’t have to think much to see how big this U industry is going to be.
Maybe not in oz but overseas will be huge.