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.
Extract is heading higher as RIO POLO ans KAH need to purchase...
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Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $28.91M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $27.15K | 1.694M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 233400 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 598229 | 2 |
View Market Depth
| Last trade - 15.38pm 26/02/2025 (20 minute delay) ? |
| EXT (ASX) Chart |