Really 310843B?Well perhaps you were very late to the...

Really 310843B?

Well perhaps you were very late to the party...and need to do some reading before you abuse others. I had been with EXT since 2006 and know the history reasonably well.

I had the sub 40c wrong as I did that from memory from 2008. Not bad though as it turns out it was around 45c and after attempting another retest it was game on.

The bidding war ensued initially between RIO and another that slips my mind at present. With CNGPC finally ending out on top taking out EXT with compulsory acquisition via a 100% owned subsidiary Hong Kong based company Taurus for $8.65 a share. EXT had a massive resource in Husab and it was highly sought after via on market trading.

As for post consolidation drop in price...

Pre-consolidation EXT traded around 11c ($1.10 post consolidation) and then with the GFC went into decline to around 45c (4.5c pre-consolidation).

You were whinging when EXT was taken over finally at over $8.65 in April 2012, so clearly you didn't buy at the low levels.

As I stated the bidding war was outstanding for LT EXT holders that bought in at the lows. If you bought in post highs chasing the run up, then I agree the takeover wasn't that good for you or anyone else.

Chart courtesy of Haspete - Hotcopper EXT 03/02/08