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.
buy out clause, page-6
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24670 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4161 | 1 |
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| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
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