SRK 3.33% 3.1¢ strike resources limited

better arbitarge

  1. 23,765 Posts.
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    OEQ holds 13,190,802 shares in SRK
    at going value of 90 cents for shares in SRK that OEQ has, makes OEQs shares worth $11.87 Million on its investment in SKR alone

    OEQ shares are currently trading at 56 cents
    There are 17,814,389 OEQ shares on issue
    17,814,389 * .56 = 10 million cap for OEQ

    OEQ has around aonther $6M million in value that it holds in the fund bentley has most of its money in cash
    SKRs Berau project will be needing around $20M in cash for CAPEX where will it get money for finance from I am guessing from bentley

    Also if one looks at a recent substantial shareholder notice that tends to reinforce that possibility
 
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