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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumExtract and RIO to joint venture to develop EXT’s giant Namibian Hsuab deposit

  • The announcement of the EXT - RIO tie up to develop what will become one of the world’s largest uranium mines comes as a great relief to me. I admit to being worried that EXT would be forced to either sell the deposit/project or take on an overseas partner and that we would lose them from our Australian ASX.

    uraniumchartnov2010.JPG

    As can be seen from the chart above this would have left a gaping hole in Australia’s uranium index and my portfolio. I am very fond of EXT and having been in it for a very long time it has given me almost impossibly large profits….. The way forward now looks a lot clearer.

    I wonder which ASX listed Uranium play will be next to get “married”… My guess is Aura ASX: AEE represents such amazingly good value it will either do a JV or get swallowed…. If you have read through AEE’s announcements and the surrounding commentary you’d have to think that AEE’s current JORC and probable 1billion pounds of uranium would be mightily attractive…


    rss_uranium.png

  • I hold EXT

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