Its a classic case of the customer buying the shop!
I cant see the price going up even if Taurus only gets 51% of EXT and it remains listed. With control of EXT, what's stopping them from doing a cap raising and sell billions worth of new shares cheap to a Chinese investor after a downramp job? They could then downramp the sp further and make an even lower priced privatisation offer or share buyback?
Or they could do a high cost financing job with China Bank designed to devalue EXT - never gets paid off? When production commences the supply contracts to CGNPC will be cheap as chips - negative profit. They don't want EXT to profit, they want CGNPC to value add and cash in on selling both power and fuel rods.
EXT Price at posting:
$8.61 Sentiment: Sell Disclosure: Held
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