Of course I agree that in a takeover it should be calculated on how many pounds EXT has however EXT is not being taken over at the moment.
We have to assume a scenario whereby the resource is developed through to production.
It is ridiculous to base any investment on takeover rumours as they may or may not ever happen.
It has also been said that at the price of 11 or so dollars EXT was too expensive otherwise where are the offers????
The price is only as high as what it is due to takeover rumours and if a takeover offer doesn't come out very quickly the price doesn't have much higher to go IMO and this is also very evident due to the sell off IMO.
EXT could very easily drop to the $4 mark without too much trouble IMO and even then it would still be valued at the high end in comparison to NON producing uranium companies.
EXT Price at posting:
$7.48 Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)