EXT 0.00% 0.9¢ excite technology services ltd

From the Sydney Morning Herald, interesting to see they think...

  1. 7,464 Posts.
    lightbulb Created with Sketch. 2
    From the Sydney Morning Herald, interesting to see they think the idea of RIO buying out EXT have been dimmed overnight LOL



    Extract Resources set for Chinese takeover
    Peter Ker
    February 1, 2012 - 9:51AM



    ASX-listed uranium play Extract Resources appears more likely to fall into Chinese hands, after Rio Tinto sold a strategic bundle of shares overnight.

    Extract has been stalked in recent times by the China Guangdong Nuclear Power Group which is attracted to Extract's highly prospective Husab uranium deposit in Africa.

    The state-owned chinese group has been buying up shares in Extract's biggest shareholder - Kalahari Minerals - in a move that has been expected to trigger a downstream bid for Extract.
    Advertisement: Story continues below

    Extract had been trying to cultivate rival suitors, but hopes that Rio Tinto may be such an alternative appeared to dim overnight, when Rio sold its 11 per cent stake in Kalahari to the Chinese group.

    The sale means the Chinese now own more than 40 per cent of Kalahari and are close to the trigger point - set by the Australian Securites and Investments Commission - that would force a downstream bid for Extract.

    Read more: http://www.smh.com.au/business/extract-resources-set-for-chinese-takeover-20120201-1qs2d.html#ixzz1l6gtXJvE
 
watchlist Created with Sketch. Add EXT (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $13.27M
Open High Low Value Volume
0.9¢ 0.9¢ 0.9¢ $13.05K 1.450M

Buyers (Bids)

No. Vol. Price($)
3 1039822 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 13408788 14
View Market Depth
Last trade - 13.05pm 29/07/2024 (20 minute delay) ?
EXT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.