they hold 2% MLX and 20% of SRZ Don't think they can influence the MLX SP much but they can certainly suggest a script TO with a better MLX price providing an implied TO that is much higher For example at a SP of 38c MLX could offer 30% more for SRZ and ensure a much higher probability of success.
Another way to look at it is Neor has a free option on MLX in that they can increase their holding in MLX via the facilitation of script TO of SRZ
I have to admit, reading TrouserGhecko posts , i think i am being much too conservative on the upside He makes a good case that this could trade in the 2c 3c and even 4c range
My thesis has been a TO, but i can see a growing resource may indeed provide significantly more upside medium term
SRZ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
