It will be some Chinese company again...
In 2016, someone offered US$10m but it didn't progress. If someone can offer them US$10m again, and then AUD$5m for Paulsens (+ royalty?) then they could pay off the $11m in debt and be in a good spot to do nothing for another few years . Maybe fund their share of any future LEL capital raisings.
theguzzi - they aren't distributing them because that would mean they could lose management control.
When going through the announcements in 2016/17 i came across this one where it said Strike had some tenements near the Tabba Tabba Tantalum Mine
but they relinquished them at the end of 2019:
It looks like EL45/4800 now forms a tenement owned by WC8 in E45/5612. not sure about what happened with 4799. Either way, if they held onto EL45/4799 and EL45/4800 instead of mucking around with Paulsens, Burke, and even Solaroz, their market cap could have been much higher today.
Ann: Trading Halt, page-10
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $11.06M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.2¢ | 3.6¢ | $34.52K | 908.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 1567 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 4.4¢ | 12864 | 1 |
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| Last trade - 14.53pm 29/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.001 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 4.0¢ | 3.5¢ | 344462 | ||
| Last updated 14.42pm 29/05/2024 ? | |||||
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