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3.33% 3.1¢ strike resources limited

Good observation Observer. Had to say it. Good to put that...

  1. Dobebite
    347 Posts.
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    28/09/12
    10:10
    Post #: 10784356
    Good observation Observer. Had to say it.

    Good to put that behind us and to stop spending money on it. I figure that they will have about 12 months of cash left - $18.5M now + $4.3M Berau less AUD$9M to Cuervo less $3.8M for AF. $10M left in the kitty - currently spending a little over $13M/year but with recent savings of $250K/month will bring this down to about $10M over the next year.

    Surely something good has to happen to this company over the next year?
    SRK Price at posting: 11.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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