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.
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Mkt cap ! $10.35M |
Open | High | Low | Value | Volume |
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---|---|---|
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No. | Vol. | Price($) |
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1 | 120945 | 0.036 |
2 | 170000 | 0.035 |
2 | 100000 | 0.034 |
2 | 109250 | 0.033 |
1 | 10000 | 0.032 |
Price($) | Vol. | No. |
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0.037 | 50805 | 1 |
0.041 | 85000 | 1 |
0.042 | 102707 | 2 |
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