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.
EXT Price at posting:
$5.21 Sentiment: Buy Disclosure: Held
