Many LT holders have done their own research and valuations and do not consider this a good deal in terms of $ per lb when compared to other corporate plays in the sector in recent times - and this is not even taking into account what may be left undiscovered in the tenements.
It's that simple and the directors have failed to explain why this is so.
All shareholders can do is move on cashed up and remember for their future investments the names of the directors of KAH and EXT that were involved here.
If I was a RIO shareholder I would want to know why RIO paid over $10 per lb for Hathor....but let their KAH/EXT shareholding go for less than half of that? The future of Husab will probably answer that question.
Personally I believe it is a sign of the new world and China flexing their muscle.
With my small holding I am happy to take the cash and move on - it's not life changing for me... but for many others it is/could have been....so you can understand their annoyance as to how this has played out.
sents
EXT Price at posting:
$8.63 Sentiment: None Disclosure: Not Held
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