SYDNEY (Dow Jones)--Extract Resources Ltd. (EXT.AU) said Thursday the company may receive a takeover offer from a consortium comprising a miner and a customer at some point in time, but wouldn't be more specific. Perth-based Extract's shares have soared since December, as Rio Tinto Ltd. (RTP) built a 15.6% stake, and rival investors began to campaign for a greater say in the future of its Rossing South project in Namibia, considered to be one of the world's most promising uranium deposits. "I think at some point we're going to attract the interest of a consortium between two companies; one which will be a miner, one which will be the end user," Extract's investor relations manager, Richard Henning, said at an investor briefing.
"And then our shareholders will be given a choice - do you want to accept that sort of a bid or do you want the company to keep doing what it's focused on."
EXT Price at posting:
$6.90 Sentiment: None Disclosure: Held
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