The reason is that Kalahari (KAH) has no money and no income. KAH is now purely in investment vehicle, and its sole investment is EXT.
For KAH to launch a takeover bid for EXT - which is theoretically possible - they would first have to raise capital. Almost impossible, I'd say. In any case, KAH would in turn be quickly outbid by others, IMO.
It's not really an issue.
BTW, you expressed "concern" about a takeover by Rio/Itochu. Personally I'd be delighted at a takeover, provided it's at the right price.
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 (20min delay)
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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 |