AFR - 2008:Strike Resources (SRK) Strike became a popular small...

AFR - 2008:

Strike Resources (SRK) Strike became a popular small cap trade on Tuesday, surging 9.5 per cent, an almost fivefold surge in volumes, after the iron-ore hopeful said a major mining name was interested in purchasing its Peruvian assets for around $650 million. The figure is well ahead of the company's current market capitalisation of $241.4 million and values its stakes in its key Apurimac and Cuzco iron ore projects in Peru at around $450 million. Strike made the statement in response to media speculation in Peru, clarifying that talks are underway but that no binding agreement has been reached. The interested bidder wasn't named. Strike's shares rose 9.5 per cent to $2.66 in its largest intraday move for two months. Antisense