Extract looks a done deal

The uranium explorer looks set to go to China’s Guangdong Nuclear Power Group.

PORTFOLIO POINT: Guangdong Nuclear Power looks set to take over Extract Resources, one of the first Chinese bids taken to completion.

Extract Resources (EXT). Good news for Extract shareholders: China Guangdong Nuclear Power Group (CGNPC) is going to make that $8.65 a share cash bid for the uranium explorer.

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