STK 5.62% 9.4¢ strickland metals limited

Ann: Completion of Sale of Millrose Project to Northern Star, page-11

  1. 1,066 Posts.
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    A question for you guys.

    Dont take this as me thinking we got a stiff deal on the Millrose sale but I would have thought the sale should have gone to a shareholder vote (whether legally or in good faith).
    Millrose is a key asset which the team has recently undergone substantial drilling to increase the mineral resource.
    Significant working capital has been spent off the back of dilutionary capital raises to get it to where it is now, and then it gets sold before a mineral resource upgrade and without a shareholder vote.

    Am I missing something here?

    i was invested in prospect resources when it's arcadia project was sold and that went to a vote so I'm a little confused.

    If someone could provide some colour that would be appreciated.

    Separately, cash on hand for future drilling campaigns and prospective M&A activity with a large investment in a successful mining company on the balance sheet. Pretty good position to be and we should see some exciting news over the next 12 months, I would suspect.
 
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