SRK 0.00% 3.1¢ strike resources limited

to receive us $62 & market cap $16m wow, page-6

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    Assuming the deal does ahead.

    Shares = 142M (plus 10m options).
    Current cash = $19.5m
    Loan Repayment = $35m
    Extra from shootout = $27.5m

    Total cash = $82m or 0.54c a share

    Even if it falls to the 2nd bidder, cash to the company in the company is $54.5m or 36c per share.

    That assumes full dilution from options and no cash from the options.
 
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