RBC Capital Markets comments on the Capital Raising
RBC Comment :
Extract Tops Up the Till; Increasing Target to $12
• On August 25, 2009, Extract Resources announced it is raising $91 million by
way of a two-part equity issue comprising a non-renounceable pro-rata offer to
certain eligible shareholders and a private placement to accredited institutional investors.
• The proceeds from the two issues will be used to accelerate exploration activities at the Rössing South project and to complete the Definitive Feasibility Study.
• We expect this issue to improve trading liquidity on the TSX.
• The three major shareholders of Extract (Kalahari Minerals, Rio Tinto and Polo Resources) have agreed to take their pro rata share of the Entitlement offer.
• After this equity issue is closed, we believe Extract will have sufficient funds to carry out its exploration activities as well as its definitive feasibility study.
• We are increasing our target for Extract to $12.00 per share, up from $11.50, previously.
- Forums
- ASX - By Stock
- EXT
- rc research overview
rc research overview, page-2
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EXT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 475000 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 16369146 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 475000 | 0.009 |
7 | 2959329 | 0.008 |
11 | 4641318 | 0.007 |
4 | 1685609 | 0.006 |
1 | 500000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 16369146 | 15 |
0.011 | 16881150 | 10 |
0.012 | 14557021 | 8 |
0.013 | 10099423 | 3 |
0.014 | 71428 | 1 |
Last trade - 10.02am 30/07/2024 (20 minute delay) ? |
Featured News
EXT (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online