SRK 6.45% 3.3¢ strike resources limited

It's looking good. Very little risk in my opinion. It's one of...

  1. 1,730 Posts.
    It's looking good. Very little risk in my opinion. It's one of those trades that when it finally trades above cash levels, you will look back and think to yourself - of course, I should've bought more.

    At current cash burn($3m a quarter), it could plod along in a bear market for two years and come out the end of it with still $44 million in cash with the same market cap. There aren't too many explorers with that advantage. There may even be some good opportunities for SRK.

    I've been accumulating for a few weeks and have finished buying. I use stops but I don't expect to need them on this one. But you never know.

    I've had this one on my watch list for a while now. Where are you Radgegadge? He brought this to my attention. The rest is up to me now. :) Cheers mate.

    Good Luck.
 
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Last
3.3¢
Change
0.002(6.45%)
Mkt cap ! $9.931M
Open High Low Value Volume
3.3¢ 3.3¢ 3.3¢ $1.594K 48.31K

Buyers (Bids)

No. Vol. Price($)
2 100268 3.1¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 5000 1
View Market Depth
Last trade - 11.11am 18/11/2024 (20 minute delay) ?
SRK (ASX) Chart
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