rio will seek to negotiate a joint venture, page-19

Hi Gero,

"Does this mean that other buyers are now looking to take a position hence the price rise, or is the market looking at the JV as a positive move?"

What it does mean is that, for once, we've been a bit slow in not spotting this until now (or maybe some did spot it & didn't want to say, whilst they bought mmore shares :0)). Clearly all the instos will have known. Even those that have never heard of Extract may have taken a look, once they read RIO's report.

No wonder the shares have been in demand this week! Cat's out of the bag now.

Cheers,

Mark