Reading that article seems to indicate that Sembehun won't be going ahead anytime soon as I doubt they could get financing at the moment. Have to wait and hope there's a turn around in rutile prices later next year.
If the major shareholder was to organise a Takeover offer at 20c+ then it might or might not work - hard to say. Again it depends on their timing and the newsflow - the asset value is still there and their dominant position in the market is intact.
Reading that article seems to indicate that Sembehun won't be...
Add SRX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.8¢ |
Change
0.003(2.00%) |
Mkt cap ! $54.11M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $100.8K | 776.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 710395 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 424086 | 3 |
View Market Depth
| Last trade - 15.58pm 21/06/2024 (20 minute delay) ? |
| SRX (ASX) Chart |