"If Kalahari sells out to CGNPC (likely) that gives them 42.8% of Extract and if ASIC requires CGNPC to make a downstream offer for Extract shares they only need Extract shareholders to sell them another 8% of Extract to have control of Extract."
And in fact haven't they just had a perfect few days to pick up some cheap EXT shares? They probably already own close to 8% of EXT. I think the downstream offer for EXT will never follow if they can get their exemption ASIC.
Sobriquet
"If Kalahari sells out to CGNPC (likely) that gives them 42.8%...
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Last
0.8¢ |
Change
-0.002(20.0%) |
Mkt cap ! $16.58M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $24.16K | 2.685M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2745670 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4498266 | 2 |
View Market Depth
| Last trade - 15.47pm 20/06/2025 (20 minute delay) ? |
| EXT (ASX) Chart |