Do you think he could anticipate the Russian's recent move by strengthening their registry with APAC increasing their holding? The intimidation of RIO which ticked a lot of their own boxes regarding EXT's fundamentals such as sharing existing infrastructure (only 5km away)and world class resource (tier 1 asset) definitely fits with their search for such assets. Rossing grades are diminishing. The more he can dilute KAH and EXT large holders, the better the defence strategy for a take over at the same time increasing the cash holding for EXT to complete DFS and maybe increase exploratory work at Z3 Z4 to prove up a bigger JORC resource. Just throwing a few ideas in my head.
EXT Price at posting:
$8.80 Sentiment: LT Buy Disclosure: Held
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