Could well be money moving into Strike from other plays that have run harder but the cash balance is not the same as the market cap - try reading the qtly.
One thing i noticed in the qtly was Gallagher missing from the top 20. They're probably behind ANZ nominees now and may have been selling because ANZ nominees have a smaller amount than Gallagher Holdings did last time they reported (about 1.5m shares less).
When the stock looked like running today, it was capped imo. It could be the reason Gallagher have sacrificed a few shares. I'm pretty sure they don't see SRK as a sell at these levels given they paid $2.75 a year ago. Usmanov has money and lots of it if recent reports linking him with pumping big money into Arsenal football club are true.
SRK Price at posting:
63.0¢ Sentiment: LT Buy Disclosure: Held
