upside capped

EXT price has obviously been underpinned by potential Chinese bid for KAH. Other U stocks have tumbled around 45% post Fukushima. If bid is not forthcoming by Dec 8th and/or ML remains a question mark and/or ASX rules that Chinese do not need to make an offer to EXT shareholders, EXT will re-discover pull of gravity. Upside on the other hand is pretty limited (KAH bid of 224p implies about A$8.35)and Chinese remain only game in town with no sign of white knights. Investors who have ridden EXT pony all the way should have a look at DYL which has ground to the south. DYL has been reporting some really spectacular drill results and is quietly building up high grade Jorc reserves. It also looks like it might have an iron project. SP has done nothing yet and it looks well worth a punt as the next potential home run in the U sector.