Extract is heading higher as RIO POLO ans KAH need to purchase 3.38m shares on market to keep ther respective 15,10and 40% of EXT once the o/s placement occurs.KAH has just raised 20m pounds,that is about $40m to buy extract shares,they only need $20.3m(2.62mX$7.75)
KAH needs to buy 2.08m at market to keep there 40% stake thats about another $20m,thats why they raised $40m.($20.3 plus $20m)
Top 20 shareholders will take up their entilements,leaving POLO,RIO and KAH to buy 3m shares on market.So wake up and don't give them cheap shares.
quick question - where is this heading?......., page-40
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Last
0.9¢ |
Change
0.002(28.6%) |
Mkt cap ! $13.08M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.9¢ | 0.7¢ | $80.47K | 9.175M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4323057 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1070000 | 2 |
View Market Depth
| Last trade - 15.46pm 12/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |