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
they hold 2% MLX and 20% of SRZ Don't think they can influence...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SRZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
-0.003(13.6%) |
Mkt cap ! $40.77M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 1.9¢ | $56.07K | 2.852M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1764092 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 246829 | 2 |
View Market Depth
| Last trade - 15.11pm 23/07/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |