SRK 0.00% 3.1¢ strike resources limited

af supremacy battle round 2

  1. 230 Posts.
    here are two asx releases from the past that will be of interest to todays news.

    04/06/06 ann:
    http://www.asx.com.au/asxpdf/20060705/pdf/3xfhvc8mb2n9x.pdf

    "a binding settlement agreement" "the shareholders have agreed to cease all litigation" etc etc

    and 07/02/07
    http://www.asx.com.au/asxpdf/20070207/pdf/310v8j3656z180.pdf

    it seems from my point of view that srk and MAPSA has a more amicable/flexible deal than D&C in relation to the maturing share price and production royalties etc.
    D&C came into the original deal late with a legitimate claim which presumably MAPSA conveniently didn't mention they might have. not happy.
    D&C have patiently timed (or triggered, by the 32mil raising) their comeback to stall both parties at a time they feel is best suited to their outcome.

    shankar and espec. farooq are pretty damn good with legal, from what i'm told....
    be interesting to find out weather D&C are dredging an old argument or actually have a new loophole (somewhere between the 51% - 68.15%) that the boys managed to miss.

    all said, think the buyers today said "hey, if 51% is the downside, then let me in the caboose!"




 
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