the rio conundrum

G'day gang

First - I will note that I am NO EXPERT on EXT, it's resource or the status of its partnering discussions.

However, I think quite hard about the opportunity to extract low risk profits from takeover situations.

That's why I am thinking about EXT right now. The fact that the Chinese can come back in just five weeks is pretty interesting to me.

However, what I want to discuss here is the likelihood of Rio getting involved. There's a presumption on this board that it is likely that Rio would have strong interest. The two key reasons that I have seen are:

1) General Rio interets in U;
2) Proximity of EXT's tenements to an existing Rio processing plant.

The question that I don't the answer to, however, is . . if it makes such good sense for Rio to be making a bid, why have they not done so yet?

Is there a reason why a bid is more likely in the future than it was in the past?

All thoughts very very welcome. . . . .

Cheers

G