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Hi guys,What are your thoughts on the South Africa news article...

  1. spovend
    2,650 Posts.
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    27/03/09
    08:29
    Post #: 4949516
    Hi guys,

    What are your thoughts on the South Africa news article regarding all the comments from RIO about a JV with Extract? I know much of what gets said by executives gets mis-interpreted by the press so not sure what to make of the article. If they are stopping at 20% and going the JV route, what does this mean for the sp short-term? Also their valuation of R520MM for 20% is only $75MM AUD which is no where near the true value or current MC of EXT?

    http://www.southerntimesafrica.com/inside.aspx?sectid=1947&cat=8
    EXT Price at posting: $3.90 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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