The announcement mentions speculation in the Fin Review, however the speculation came from sources outside Australia as per part article below.
"A CONSORTIUM of Korean companies led by Korea Electric Power Corp (Kepco) is preparing to bid for a stake in Extract Resources Rssing South, with the potential to become the second biggest uranium mine in the world within the next five years, the Dow Jones Newswires reported yesterday. The agency based the report on two people familiar with the matter. State-run utility Kepco, Korea Hydro and Nuclear Power Co, and Korea Resources Corp are looking to take a stake of around 15 per cent in Rssing South, one of the persons said. According to the Dow Jones Newswires, the consortium is working to submit the bid by a deadline of March 18, and the outcome is likely to be known a few months later."
EXT Price at posting:
$7.30 Sentiment: Buy Disclosure: Held
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