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.
