KerryAnne,Yes the French Connection made me sit up and take...

KerryAnne,

Yes the French Connection made me sit up and take notice. The first thing I thought was that Aveva are making a move.

They tried and failed with SMM and they may be looking at minnows like EXT rather than monsters which will be harder to reel in.

If they made a move on EXT now (and didn't have too much competition) they would make us a lot richer a lot more quickly but for them it would be peanuts.

Having said that, KAH is still the major holder with 38% so they would have to deal with Peter Mac on two fronts. He is CEO of both EXT and KAH so he is the key man in all this.

I have very little doubt that there are people working right investigating EXT and making an assessment of whether they should make a move sooner rather than later. Those people won't just be with Aveva, there will be PDN people and there will be RIO people and perhaps others.

Let's hope they fight each other for this gem because out of that conflict the major winners would be EXT holders.