Lot of you may be missing the point.
Rio (who know a lot about that deposit since they are mining next door) took the money and ran. 89%+ of shareholders of KAH took the money and ran. $8.65 will be the offer, EXT Board will probably endorse it since they spend years trying to get numerous JV partners on board (including Rio) and failed. No-one will accuse them of failing to increase shareholder value - $2.2bn not a bad number.
Nobody new has become a substantial shareholder (5%+) in EXT since the KAH bid. IMO no one is interested or able to trump the bid and would not surprise me to see Rio tender their stake - if it makes sense to do a JV IT IS BECAUSE OF ROSSING next door and substantially lower costs and risk - not the shareholding Rio has in EXT.
downstream offer from taurus, page-10
Add EXT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.002(16.7%) |
Mkt cap ! $14.74M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $36.37K | 3.636M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4992000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 9734000 | 5 |
View Market Depth
| Last trade - 11.47am 02/09/2024 (20 minute delay) ? |
| EXT (ASX) Chart |