FWIW I would have expected the 'simplifying' of KAH's holding is the merger of KAH & EXT which would see the distribution of EXT shares to holders of KAH shares. Does the promotion of KAH's newest board member have anything to do with this?
That would free up RIO & EXT to play without the hurdle of KAH whilst still allowing KAH holders to profit. It also means that RIO don't have to buy out EXT which they would otherwise have to if they made an offer for KAH (according to my limited understanding!).
Then there could be a negotiation whereby RIO take a chunk of the uranium produced by ensuring a significant reduction in the CAPEX/OPEX (whichever it may be, or indeed both) by opening up their nearby facilities and providing the means of transport between the two.
I think that this remains a very positive outcome for all.
I still think that it would be strange to sell EXT to anyone given the remaining unknown value of the land. RS remains an absolute beast of a prospect which no-one really knows how much a good price would be for it... Better to hold on and take long term dividends isn't it?
For disclosure purposes, I was a holder of KAH until I needed to free the money to pay for real life stuff :-( but I still follow the story out of interest and wish you all the very best.
EXT Price at posting:
$9.75 Sentiment: LT Buy Disclosure: Not Held
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