SRK 2.78% 3.5¢ strike resources limited

asset sale update, page-8

  1. 1,528 Posts.
    Arran pointed me to info that has already been released, including this which states the offer was made by the international mining company. Also, I love the first event - "internet technology opportunities", lol:

    "SRK - KEY DATES
    Date Event
    Mar 00 Listed on the ASX to pursue internet technology opportunities.
    Oct 05 Board re-structure.
    Feb 06 Company re-capitalised to focus on mineral exploration.
    May 06 Acquires the rights to earn a 51% interest in a portfolio of iron ore assets in Peru.
    Nov 06 Enters into an agreement with Apurimac Ferrum (AF) to acquire 51% of the Apurimac and Cuzco
    projects. Consideration includes: (i) US$6.5M to earn 12.5% expected to executed by Jun08; and
    (ii) a bullet payment of US$34.5M within 4 years to earn 38.5%.
    Feb 07 Enters into a MAPSA agreement to acquire additional 17.15% of project equity. Consideration
    includes (i) US$10M settled and US$10M once production exceeds 20Mtpa.
    May 07 SRK transfers uranium exploration assets in a new IPO Alara Uranium Ltd.
    May 07 Enters into an option agreement to acquire 3 mineral concessions with visible mineral outcrops
    located along strike from the Apurimac project. Consideration is initially US$0.2M and then
    US$3.0M if the option is exercised within 2 years.
    Dec 07 65,000m drilling programme commenced.
    Feb 08 SRK and AF sign MOU with Peru Rail to transport ore to the coastal port at Matarani.
    Mar 08 4 additional drilling rigs mobilised to site.
    Apr 08 International Mining Company offers SRK US$450M for its 68.2% share of Peruvian projects
    Jun 08 Stage 2 pre-feasibility study due for completion.
    Sept 08 Resource upgrade – target 600Mt (Opaban 1-210Mt, Opaban 3-150Mt and Cuzco240Mt)
    Dec 08 Stage 2 bankable feasibility study commences.
    Sept 09 Stage 1-2Mtpa DSO project commences.
    Oct 09 Stage 2 financing finalised.
    Dec 09 Stage 2 construction commences
    Jan 11 Stage 2 commissioning
    Source: BBY and SRK"
 
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Last
3.5¢
Change
-0.001(2.78%)
Mkt cap ! $9.931M
Open High Low Value Volume
3.4¢ 3.6¢ 3.4¢ $809 23.77K

Buyers (Bids)

No. Vol. Price($)
1 6700 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 59098 1
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