EXS 0.00% 26.0¢ exco resources limited

Maybe already summarised by earlier posters, but just before...

  1. 507 Posts.
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    Maybe already summarised by earlier posters, but just before offer

    Issued Shares - 356,044,187
    Issued Shares held by SOL - 46,587,027
    Issued Shares to offer 19 cents - 309,457,160

    Cash Cost to SOL - $58,796,860
    Cash at Bank EXS last quaterly - $58M

    Net cash costs to SOL will be zero, they get all the tenements + wont have to pay Royalty + PLY JV Income.

    Smart move, who can blame them.
    I bought some EXS today as I can't believe they can get away with this deal, masterstroke if they do, will probably buy some SOL if they pull it off at 19c!
 
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Currently unlisted public company.

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