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.
Lot of you may be missing the point. Rio (who know a lot about...
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0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $71.78K | 7.981M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 850797 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 13427226 | 14 |
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| Last trade - 15.10pm 26/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |