Its been a long a prosperous road that many of us have travelled over the last six years or so and sadly in some ways this next seven days will see whether the true believers will be rewarded for their strategy to see this through to the end.
Looking back over the old 6c buy orders it is hard to be ungrateful of the journey this share has travelled.
We had the opportunity to bail at $11.00 but knew then as we do now that this is a company that will reward some for generations to come.
He have seen the bankers and wankers come and go with up ramps and down ramps. The Lordys and Harlees become legends and extremely rich people from this prospect that was the consolation prize in a gold mine deal done years ago.
It is with a degree of melanacholy infused with a fine red wine that I begin to say my farwells to EXT. I know that in 7 days it will be in the control of others. Will RIO man up and step up to the Chinese to retain their pride as a world leading business or will they be satisfied with a JV where the Chinese play the tune.
RIO have their reputation at stake here as a world leading mining house. You would have to think that to not proceed with a counter deal would be a loss of face worth a lot more than the $$$$$ to pip the pathetic offer on the table from the Chinese.
$11.00 is a nice number
See you all at the after party
EXT Price at posting:
$8.13 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)