View Single Post
  #2  
Old 03-09-2011, 12:31 PM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,765
Default Extract Resources will RIO go to China?

We the holders of Extract Resources seem to be infor an interesting time with a tussle developing between Rio, Kalahari, China Guangdong Nuclear Power and Extract for majority control of the Hsuab project destined to be the world's second largest uranium mine.

"RBC analyst Adam Schatzker said: "We believe that CGNPC's motivation in acquiring Kalahari is to ultimately gain significant future uranium production offtake. The next logical move will be for CGNPC to acquire Extract."

"This is a play by Kalahari to force Rio Tinto's hand if they can; Kalahari are sellers and they want to get out," said Simon Tonkin at Patersons Securities in Perth.

This time may you live in interesting times may be a blessing rather than an ancient Chinese curse.

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

Reply With Quote