STT strata mining corporation limited

sale of midas, page-3

  1. 678 Posts.
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    Surprising - still no announcement from Strata and no response to my email.

    I believe that it is a share exchange based on a transaction value of C$0.10 per geomaque share.

    The consideration is 80,960,000 shares in GEO but the problem is that GEO is trading at C$0.06 - probably due to share dilution. So 40% value lost already.

    It still makes STT worth more than 2 cents but I get the feeling that nothing will happen until the POG rises substantially

    Cheers

 
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Currently unlisted public company.

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