t/o shouldn't be far away, page-5

Usmanov sold his 75% stake in a giant gas deposit at the end of January (link below) which indicates he could have a bit of spare change for Strike.

http://www.silobreaker.com/View360.aspx?Item=11_221083

He has since increased his stake in Arsenal football club and spent on increasing his stake in Strike.

With a Gallagher member on the board, is it possible that Gallagher have had direct discussions with the Peruvian company that are in dispute with the Strike.



Russian billionaire lifts Strike stake
4-March-09 by Rebecca Lawson

Gallagher Holdings, controlled by Russian billionaire Alisher Usmanov, has spent close to $2 million increasing its majority stake in Strike Resources to over 19 per cent.

In a notice to the Australian stock market, Gallagher revealed it had spent $1.9 million buying just over 5.88 million Strike shares through a series of transaction in February and March.

The on-market purchase lifts Gallagher's interest from 15.34 per cent to 19.86 per cent.

Last year, Gallagher pulled the pin on the second $53.4 million tranche of an overall $103 million investment.

At the time, Gallagher said it was due to the continuing uncertainty in the global markets.

The first tranche comprised of Gallagher subscribing for $49.7 million, giving it an interest of 14 per cent.

Shares in Perth-based Strike was down one cent to 32.5c at 13:14 AEDT.

http://www.wabusinessnews.com.au/en-story/1/70862/Russian-billionaire-lifts-Strike-stake