The market does think that the assets are worth squat. I would like for SRK to hold on to them for the next 12 months and see what they can make of them - including Cuervo.
The price is reflecting that we will win the shootout - it would not be this low if the cash was coming. The problems may then start. Will D&C just go away without a court battle? This could be protracted and costly (which we cannot afford any more). This would also close things down for quite a while. Maybe that is being factored in - the risk?
If I was the Indonesians I would be waiting for SRK to run out of cash then turn the screws tighter. Why else would they have been very patient?
Quite negative here but I am still very positive about the prospects of this company once they get over these hurdles. The joint venture partner will be the key over the coming months. And I agree - maybe even an outright sale.
unbelievably cheap find out here why, page-50
Add SRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24670 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4161 | 1 |
View Market Depth
| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
Day chart unavailable