To suggest that someone would offer $6-$7 takeover is ridiculous.(Well i guess they could offer but noone would accept).
Rio, Kalahari,Dattells, etc all bought millions of dollars worth of shares at $7.75 in capital raising - do you think they would sell for less? I'm sure they have better financial advisers than we see on hot copper!!
I think traders are just getting impatient. They were hoping to make a quick buck with a takeover offer. Now that it looks like they might be going to mine it themselves traders have fled to other short term hopefulls.
The underlying value in this has not changed, in fact it is getting better every drill hole.
Rio badly want it, Kalahari don't want to sell it, offers are coming in from institutional investors. What more evidence do people need to realise the potential this has?
O.k. I'll get off my high horse now, hope i haven't offended anybody.
EXT Price at posting:
$6.98 Sentiment: Buy Disclosure: Held
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