OEQ is still very good value at $1.20. They are now capitalised at $21m, yet after this transaction have approx $32m of SRK shares, plus an additional $15m of other assets (mainly large cap aust and international shares). Therefore you are buying a company with assets worth approx $47m for the price of $21m. Sounds like a pretty good deal to me, especially if you are a fan of SRK.
On top of this they receive 2% royalty on any revenues from the Berau coal project and the Paulsens east projects. I am also checking to see whether they get any Royalties from SRK's peruvian assets as i believe these assets were also spun out of OEQ as well.
OEQ is still very good value at $1.20. They are now capitalised...
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.363M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 100268 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 56017 | 1 |
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| Last trade - 10.09am 19/11/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
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