If D&C decide to buy out Strike and pay back the Apurimac loan the share price probably doubles into the 20c-30c range with Strike continuing to trade at a discount to cash.
If Strike go to 100% I don't see the share price dropping by 50%. More likely to hang around current range imo.
Not a bad risk/reward for a short term trade if you believe D&C may have a backer.
If D&C decide to buy out Strike and pay back the Apurimac loan...
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 (20min delay)
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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 |
View Market Depth
| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
Day chart unavailable