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Good find Fireblade, thanks.For completeness, I'm sorry to have...

  1. marben100
    326 Posts.
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    16/04/09
    02:43
    Post #: 5015943
    Good find Fireblade, thanks.

    For completeness, I'm sorry to have to report that Kalahari ended the day slightly down @ 119.25p, on a volume of 1.27m shares traded. The VWAP, however, was 121.8p. Still at a big premium to the value of its EXT stake (at EXT's current price that's worth around 91p per KAH share, cash is worth around another 4p per share).

    Kalahari have confirmed to me that they did exercise their options on 20th March and now hold 86.38m Extract shares.

    Cheers,

    Mark
    EXT Price at posting: $3.88 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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