Champ,
Unaccustomed as I am to you agreeing with me I find it hard initially to know where to start.
If we assume that RIO have done their due dilligence and have placed a value on Rossing South then we must also assume that they have a finite amount of money they are prepared to ultimately expend in the quest for the control they clearly desire.
So if there is a finite amount they will spend (an average amount per share that they will pay) then the silly sellers today are doing the rest of us a great favour. We should be thanking them as they walk out the door, not villifying them.
They are leaving more of the pie for fewer of us to share later on. Our pieces of the pie will be larger than the early sellers are getting because there will be so much pie left and so few of us.
Keep in mind, if RIO buys a share in EXT then it is gone, it is no longer in circulation. Given enough time, the number of shares in circulation will become EXTREMELY tight.
That is when RIO will have to come to the bargaining table.
p.s. I am sure MAQ are playing the capping game, as professionals hired by RIO would anyone expect less of them? They are doing the best for their client, good on them. It is all good as long as it accelerates the process of removing the shares from the hands of the weak and puts them in the hands of the strong.
- Forums
- ASX - By Stock
- EXT
- change in substantial holdings rio top up
change in substantial holdings rio top up, page-15
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add EXT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $11.79M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $43.85K | 5.466M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 197789 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 9531349 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 197789 | 0.008 |
11 | 4599904 | 0.007 |
4 | 1685609 | 0.006 |
3 | 900000 | 0.005 |
2 | 1040000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 9531349 | 9 |
0.010 | 12792146 | 16 |
0.011 | 5175000 | 5 |
0.012 | 3557021 | 5 |
0.013 | 99423 | 2 |
Last trade - 13.33pm 02/08/2024 (20 minute delay) ? |
Featured News
EXT (ASX) Chart |