We don't know what the communications/negotiations going on underneath between EXT and Nab Govt and whomever else with a stake. We have Leslie proclaiming publicly that it is expected any time now, we have the Chinese now deciding to not sit back as the dateline to decide is very soon. The ball is in the Govt court and for what ever reason/s have decided that they will take their time issuing the ML.
If the chinese are just like us holders being kept in the dark as to how near or far the issuance of the ML is, then they have no choice but make a firm offer by 8 Dec. They will also probably have the EZ crisis to think about and RIO focusing on another prey and probably whether they can make an offer without ML. All speculations but the ultimate aim is security of supply so for them I think is the timing to get the best advantage.
Just my LT holder optimistic view
EXT Price at posting:
$7.73 Sentiment: Buy Disclosure: Held
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