korea preparing to bid for a stake in ext, page-19

Sorry MSF....I was concerned after I'd written my last post that it might be read as directed at someone in particular....... not the case...... it was just my way of distilling from the thread........ ie.... its either lies or highly significiant........... not accusing any one of believing or promulgating just trying to cut to the chase..... thus my opening remark...... forgive a mug....

Agree totally re the lack of understanding of the reporter but whe're also missing the point getting interested in whether it's a cap raising, on market, off market selldown, offtake funding, debt funding.....etc etc. Thats for interested parties... they've got a deadline, and with a phonecall, a price, and known quantity for sale...... Thats my point........ it's put up or shut up..

My only revelation in contemplating all this was how the time is right for others to buy in before more is drilled as that allows the Koreans to have made first move and still save face. IMHO it's been a game of bluff for some time as all parties (current owners of EXT) have known that they need other partners to make it work it was just a matter, so what else is new, of price.......
IF these media reports are true then the price to buy in has just been set or at least ball parked. All the possible players can now make a relatively simple decision of if they want a piece of the action...... I assume they've done their dd on what's in the ground. We've got an approximate size of operation, 14.8Mlbs/yr, I assume its pretty easy to get OPEX CAPEX estimates from that (If you're prepared to trust that to the 15%partner with 30+yrs experience next door).

Fireworks...... mate... I'm not looking at much of a CGT liability with the general mkt ATM...... so bring em on