Worth a read. Certainly a lot of conflict between Rio, Kalahari and Polo, as to development of EXT.
Don't expect this to be resolved any time soon. This shareholding structure is now becoming a serious handbrake for EXT. Rio are happy just to sit and wait it out; Polo will want the cash, and Kalahari are running around in circles showing off.
The sooner a VERY good MD is appointed, the better. You would think that there would be a line of people wanting the job; to mine the a deposit like EXT. Again, I think the share structure would scare good candidates off.
http://www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_August_09/Brokers_Notes_Sept_09/Brokers_Notes_Oct_09/Brokers_Notes_Nov_09/Polo%20Resources%20-%2024.11.pdf
Cheers, Skip
brokers report on polo
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $12.96K | 1.440M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1210159 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 13408788 | 14 |
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| Last trade - 10.52am 29/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |