EXT 11.1% 1.0¢ excite technology services ltd

Black,The last Top 20 from Feb shows 79.32% in their hands.Since...

  1. 3,704 Posts.
    Black,

    The last Top 20 from Feb shows 79.32% in their hands.

    Since then Polo has made a few announcements showing their accumulation.

    Until another top 20 is released I can only guess. It may prove to be less than 83% although I am confident it will be more than 80%.

    Kalahari used to be a 49% part owner of the lease but EXT bought them out of their share back in 2006.

    It was a scrip only payment of (today's equivalent) of 66 million shares. That has proven to be a great deal for EXT shareholders but at the time we thought we were paying too much.

    Since then Kalahari have been accumulating through placements and on-market buying.
 
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