The way I see this is a RIO-KAH-EXT amalgamation is not a questions of IF, its entirely a question of HOW?
IMHO RIO-KAH-EXT want the amalamation to proceed but CGNPC dont. CGNPC has effectively blocked any deal being done between RIO-KAH-EXT buy putting a takeover offer on the table for KAH (who owns 42% of EXT).
I cant imagine RIO sharing the booty with CGNPC. That would be like letting the main customer buy half the shop.
So if CGNPC's takeover offer is allowed to proceed the only outcome I see is a big fight (bidding war) between RIO and CGNPC for KAH-EXT.
No matter what way it goes its still good for EXT and KAH shareholders.
The way I see this is a RIO-KAH-EXT amalgamation is not a...
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Last
0.8¢ |
Change
-0.002(20.0%) |
Mkt cap ! $16.58M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $24.16K | 2.685M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2745670 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4498266 | 2 |
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| Last trade - 15.47pm 20/06/2025 (20 minute delay) ? |
| EXT (ASX) Chart |