EXS 0.00% 26.0¢ exco resources limited

Relax everyone, this s great news.IVA have been told by RIO to...

  1. 1,082 Posts.
    Relax everyone, this s great news.

    IVA have been told by RIO to sell their stake. SOL have picked it up above where we are currently trading and need to make a takeover offer to allow them to go above 20%.

    Now we will have SOL at 35% (plus any additional amounts they pick up from desperate sellers) and we will have a nice tight register going forward with no overhang.

    It is smart on the part of SOL - no downside for them. They will stay at 35% or so going forward and then launch again down the track.

    You watch the royalty issue being cleared very soon.
 
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