Extract Resources, Kalahari Minerals, China Guangdong Nuclear Power Corp
Perth-based uranium explorer Extract Resources appears to be in play now that its major shareholder Kalahari Minerals has a price from its suitor. Last night the UK-based Kalahari announced that it was in discussions with China Guangdong Nuclear Power Corp over a 243.55 pence ($3.78) a share offer. A little bit of heat has come out of Guangdong, with this bid 7 per cent lower than the offer from May and 16 per cent off the bid put before the Japanese nuclear disaster. But it still translates to an offer of around $8.86 for Extract if, as expected, Guangdong complies with ASX rules and lobs a bid for the Australian-listed company.
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what a joke of a bid - management desperate
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Open | High | Low | Value | Volume |
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1 | 129627 | 0.9¢ |
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1.0¢ | 11766240 | 16 |
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No. | Vol. | Price($) |
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1 | 129627 | 0.009 |
11 | 7009635 | 0.008 |
11 | 4638161 | 0.007 |
4 | 1685609 | 0.006 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
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0.010 | 11766240 | 16 |
0.011 | 6881150 | 9 |
0.012 | 8538361 | 6 |
0.013 | 10099423 | 3 |
0.014 | 15071428 | 2 |
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