these exerts from the report tell the story. Offer undervalues SRX by 3x based on working capital alone and by 5x based on net asset value.
management also mentioned natural rutile market improving as customers destocked in 2023 and need to restock this year.
may take a few months but as soon as the market improves this thing should at least double in price. SRX closing the mining operations should cause the price to lift on its own
Ann: Take No Action on Inadequate Offer, page-2
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.27M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $9.078K | 51.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1319555 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 1674713 | 37 |
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| Last trade - 15.09pm 27/08/2024 (20 minute delay) ? |
| SRX (ASX) Chart |