SRX sierra rutile holdings limited
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$66.1 is USD so $100M AUD. Against a current market cap of $26M...

  1. hhonner
    544 Posts.
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    29/01/24
    12:58
    Post #: 72109993
    $66.1 is USD so $100M AUD. Against a current market cap of $26M AUD that is a good buffer.
    stopping mining is a good decision .

    i was hoping for a shutdown on this announcement followed by a return of capital that would roughly triple current value. It seems however that mgmt are still trying to get the new mine development up.

    15M cash burn was worrying however looks like they are addressing this
    SRX Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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