"Do not agree. The KAH Board supports the China bid."
Yes, agree, EXT is not hostile to the CGNPC bid. They only require ASIC to force CGNPC to make a downstream offer for Extract on terms no less than equivalent to those offered to Kalahari shareholders. I think CGNPC will be ok with this because, most of all, they want EXT's uranium. I cant see ASIC opposing the CGNPC bid for KAH (and EXT) as they don't own any mines in Australia.
On 21 Feb EXT & RIO released a "Partnership Update" stating they would like to be JV partners. I think the problems with RIO's (ERA's) Ranger mine could be driving this. (Who knows what will happen when the Greens control the senate.)
EXT Price at posting:
$8.35 Sentiment: Hold Disclosure: Held
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