Agree with your comments Borocay. Dattels past history clearly shows that he would be willingly to sell.
I also think that time is ticking on their investment and they would like to cash up and move to the next one.
imo once a project like RS gets to a certain size any additional resource is good and positive, but not going to make a huge difference to the price - I think that RS is getting close to that size now.
For these reasons I would not be surprised if a takeover offer was received around $9-$10 and after the normal to and froing that an agreed price in the area of $10 was accepted. That is assuming the a takeover is made.
Now I realise that plenty of posters have done valuations on future earnings and have valuations in excess of this, but a takeover removes all risks of setting up the plant....and lets face it once Kalahari accepts its a done deal.
Another view is that $10 is going to be easier to double in another investment than leaving it in EXT.
EXT Price at posting:
$7.42 Sentiment: Hold Disclosure: Held
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