Club Mulgoa

Wednesday, February 01, 2012

EXT

Looks like EXT will be a Chinese company within the next 6 months. RIO has sold its holdings to a Chinese company. EXT has reached a phase in its cycle where it is unlikely to perform like it did in the past. I bought it when it was very cheap so I had a good run. There won't be a big premium now that RIO is not interested in EXT.

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