I would imagine all the bigger shareholders will be well aware of the potential total resource (maybe 1000m lbs), so another update isn't going to change much in terms of a possible bidding war. An updated resource estimate isn't due to be released until the end of Q2 2012 anyway and much of the drilling is infill drilling to convert resources to indicated and measured, notwithstanding the maiden resource due for Middle Dome which will be of some interest (from the last Quarterly report).
A likely scenario is a cosy multiparty JV that includes all the 10% plus shareholders interests with a Chinese takeover at $8.65. The only losers then being smaller shareholders who don't get to participate and see the whole development unfold over the next 3-4 years.
EXT Price at posting:
$8.58 Sentiment: None Disclosure: Held
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