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.
It will be some Chinese company again...In 2016, someone offered...
Add SRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.05M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 177716 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.12pm 15/05/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
Day chart unavailable