korea preparing to bid for a stake in ext, page-11

Thanks for the reply msf.
Who are the "persons" referred to?
News agencies dont dream these stories up, they are fed to them.

I dont hold bannerman but will when I think a bottom is reached. As I understand it they have $20m in the bank and 160 odd million pounds of the yellow stuff but dopey management who put "low grade" is their pfs. Interested to hear yours reasons for predicting their demise. If their resource is worthless, as you suggest, or uneconomic, then extract must share some of the negatives as well -

and heres what they may be; I notice no one, absolutely no one has been honest enough to say what came out of the conference in s.a. last week; South Africa is planning to increase its electricity charges by 35% a year for 3 years; Maybe that would explain the downward pressures on Paladin, Bmn and indeed extract. As you know, Nambibia gets its power (I think all of it but I am not sure, from South Africa)

As I said; I WANT to buy ext but with no ceo and these bullshit press releases I think there is too much uncertainty. Sooner or later, and it appears sooner, the market will look to strip ratios, depth etc and raw profitability as the hype surrounding exciting exploration results morphs into opex and capex reality. Thats what may be happening now. maybe.

Contrary to your assumption I am too trusting; and its costs be dough in the past. Anyway, at least you were honest enough to agree the Koreans probably aint coming. I appreciate that.