SRK 3.33% 3.1¢ strike resources limited

to receive us $62 & market cap $16m wow, page-29

  1. 3,947 Posts.
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    nihilism

    you've got it wrong

    they may be forced to take one of the other deals which arent as good but under all circumstances the bidder must repay the loan (c.$35m) in addition to the bid price

    so if the deal falls through and the next bidder wins, SRK still receives $35m plus the c.$18m they already have plus $4m from Berua so that would be around $57m (40c per share)

    bear in mind no tax will be paid on this either

    the loans are secured so very little chance of D&C walking away with the assets
 
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