I read 2 things into this Red. Both are poositive but one is more positive then the other.
1. Kalahari wants to at the very least mantain its stake in EXT at its present level. It needs the placement to continue operating without selling anything down. I have no idea to its cash reserve situation.
2. kalahari has an obligation to inform its shareholders as to its intention of the placement. Its not going to disclose its outright intention to increase its stake in EXT so "mantain" is the term the CEO has used. However they really be looking at increasing thier stake.
Either way its great news and I would imagine that a few large shareholders have taken note.
Needless to say some "bush expert" will again attempt to vaule the present share price but for me this present afirmation removes any doubt.
EXT Price at posting:
$4.90 Sentiment: Buy Disclosure: Held
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