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
SRK Price at posting:
89.0¢ Sentiment: None Disclosure: Held
