IMO this is great news for Strike. My understanding is that most convertible bonds for exploration companies are set at a fairly small premium to the existing price (and certainly not 250%) which means that if it goes through Gallagher obviously believe that the "true" value of the company is north of $2.00.
Additionally SRK already have a significant pool of cash so will not need to draw down on this facility for some time to come - so no interest to be paid on the loan in the near future. This just provides any potential investors reassurance that the company has significant backing and a nice line of credit if needed.
Don't hold at the moment but as soon as the price finds support I am going to be in for sure - assuming no bad news about the D&C issue.
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Last
3.9¢ |
Change
0.002(5.41%) |
Mkt cap ! $11.06M |
Open | High | Low | Value | Volume |
3.6¢ | 3.9¢ | 3.6¢ | $7.693K | 207.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 180080 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 180080 | 0.036 |
2 | 192857 | 0.035 |
3 | 115000 | 0.034 |
2 | 109250 | 0.033 |
2 | 107706 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 200000 | 1 |
0.042 | 102707 | 2 |
0.044 | 94600 | 1 |
0.045 | 154846 | 3 |
0.048 | 106248 | 2 |
Last trade - 15.48pm 21/06/2024 (20 minute delay) ? |
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