SRX 0.00% 17.5¢ sierra rutile holdings limited

Interesting to see where Leonoil got their extra 3% from. I...

  1. 290 Posts.
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    Interesting to see where Leonoil got their extra 3% from. I would be very surprised if it was from retail investors as the last big block trade was for 20% of the company to Gemcorp at over 14c (from STAM).

    leonoil got their last 3% mostly at 11.5c. Who would sell their shares at over 20% less than what the now most likely take over target is willing to pay? It is also around half of what net current assets are valued at and puts zero value on the clear development potential of Sembehun.

    my guess is cross trades from all the related entities trying to rake over SRX.

    whatever is happening there is a lot of competing interest in SRX now. Good times ahead for shareholders
 
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