SRK 3.33% 3.1¢ strike resources limited

buy out clause, page-6

  1. K8
    296 Posts.

    I think srk will move to 100%.

    D&C are racking up huge debts as a function of srk funding exploration $11m is owed to srk already and unless they do something
    they would be left with a tiny proportion of the company or be forced to come up with a lot of cash to maintain their 44% stake better to take 18.8% now.

    I think it's a fair deal, will make development less risky. They wouldn't agree to discuss it if they weren't considering it.


 
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