Club Mulgoa

Monday, February 21, 2011

EXT

For a long, this was my star performer. Still is but it stagnated. It is unlikely to remain on the stock market for long. Transforming uranium in the ground into a commodity to sell takes a long, long time. Moreover, bigger companies are appearing on its share registry.

The latest: RIO is 'talking' to EXT. RIO is producing uranium there (near EXT), owns a chunk of EXT, and I think also Kalahari Minerals. It can afford to pay a premium for EXT. So soon, I will own more RIO shares! Someone knew about RIO talking to EXT because the price spike in EXT occurred before the press reported on the "talking". I am expecting a bigger spike soon.

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