rbc -, page-4

Fasthit, The volume speaks for itself, bugger all! The stock is simply suffering from temporary ann vacuum and no liquidity in the market to take advantage of broad sentiment as say the PDN registry does (up 7c today). No one has announced a takeover of that company despite rumours, and the spot price hasn't changed. The simple fact is that its open registry allows for full and total exposure to daily trading emotions affecting buy/sell decisions. Consequently its become a shorting target (although I'm buggered if I'd be bothered doing it at these volumes?). This also raises the old spectre of SP manipulation. I read the words 'OUTPERFORM' in recent analysis on this thread and it seems to me that at current values the light has finally been switched on somewhere.

You have to look at the big picture. We got to 11.45 purely on the back of euphoria over the size of the resource. This led some to speculate about a TO (which is still likely in some form or another). Now consider that we are at circa low $7s on what must be rock bottom in-ground valuation alone. The ONLY way this can go in the medium term despite daily ups and downs, is UP! (consider DFS/resource upgrade Q3/10...TO/equity/takeoff ann in next month or so). There is simply no other resource story like this one in the WORLD right now. I held PDN through its BFS stage and watched it top at mid $10's. At that time it was the only new mine being developed on the planet, but the spike in SP only occurred after the BFS/final investment decision etc had been released. Anyone interested in EXT as a TO target is going to want us to do more of the project development so they pick up (if it ever happens), not only the massive resource, but the ability to mine and deliver. IMHO Rio will not cop this and my gut feeling is that any Asian (for example) approach of any kind will have to either: appeal to RIO on an ultimate control basis, and KAH/Polo(sold yet?!) on a pure financial basis...All good either way.