SRK 3.33% 3.1¢ strike resources limited

d & c counter offer by 2/10, page-10

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    "Also the question of who's selling at the moment and why? Do they know D&C intentions?
    Appears a good risk/reward at the moment with news due in one week but doesn't come with a guarantee." even if they do know there intentions and DC are going to make a counter offer that will leave SRK with $54.4mill cash at the end of October = 0.38 per share. Still not seeing a lot of downside except for current Iron ore prices which IMO will improve into the new year.
 
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