G'day gang
First - I will note that I am NO EXPERT on EXT, it's resource or the status of its partnering discussions.
However, I think quite hard about the opportunity to extract low risk profits from takeover situations.
That's why I am thinking about EXT right now. The fact that the Chinese can come back in just five weeks is pretty interesting to me.
However, what I want to discuss here is the likelihood of Rio getting involved. There's a presumption on this board that it is likely that Rio would have strong interest. The two key reasons that I have seen are:
1) General Rio interets in U;
2) Proximity of EXT's tenements to an existing Rio processing plant.
The question that I don't the answer to, however, is . . if it makes such good sense for Rio to be making a bid, why have they not done so yet?
Is there a reason why a bid is more likely in the future than it was in the past?
All thoughts very very welcome. . . . .
Cheers
G
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
0.9¢ | 1.0¢ | 0.9¢ | $51.82K | 5.741M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 750000 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 16369146 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 750000 | 0.009 |
7 | 2959329 | 0.008 |
11 | 4641318 | 0.007 |
4 | 1685609 | 0.006 |
1 | 500000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 16369146 | 15 |
0.011 | 16881150 | 10 |
0.012 | 14557021 | 8 |
0.013 | 10099423 | 3 |
0.014 | 71428 | 1 |
Last trade - 15.53pm 29/07/2024 (20 minute delay) ? |
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