News: SRK Strike Resources announces sale of peru iron ore assets, page-5

The sale is good, and I very much agree with it; it should've been done 3 years ago, but that was a different era. A very poor (negative) return on the money spent on it. Hopefully the cash will be used to get into a business that will actually have some chance of success. The Peruvian IO projects never did, even in IO's golden age. But, then again, what can you expect from a board without a geoscientist?

Not sure about the SP getting to 13c - the deal is just as likely to fall through and , in event, these companies' SP never equates to cash backing. The money is too "at risk". Best they swap it for real assets asap.