mick. I posted on this subject last week, when i stated that...

mick.

I posted on this subject last week, when i stated that
with EXT being re rated and promoted to the ASX 200
that we could go it alone with the shares being so
tightly held, the Major Fund Managers having too
balance their portfolios, EXT could issue shares to
meet the funds demands @ a price of $6 or $7 and in
doing this develop the Rossing South Proj Themselves.

This benefits the S/Hs in that if we go it alone the
S/P will Skyrocket, as in your post, or it makes RIO
and the Chinese having to pay a lot higher price to
either take us over with Scrip and or Cash or J/V
We as S/Hs are in the box seat, with Mellon DATTELS
Stalker & Hohnan from the Kalahari side, these are
very astute Business Men and they no how to EXTRACT
the best value for s/hs, and will not sell out cheaply
and in saying that with all the hassles over re the
Board structure, EXT and Kahlahari I believe will hold
off any attempt by anyone that makes a T/O attempt
until there is a substaintial increase in our JORC
Res, at least ZONE 3 Completed, I myself would rather
the company prove up at least 500 Million Ib of U
The way this resource is starting to take shape we
could have anywhere between 700 TO a billion Ib of
Uranium at Rossing South Imho.

Simmo.