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3.33% 3.1¢ strike resources limited

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  1. tokyo
    11,181 Posts.
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    14/01/13
    16:15
    Post #: 11287576
    We wonder why Xstrata was willing to pay $600 million and its because of the superb economics of the project
    Given the fact the SP is still around 16 cents management have little option then to sell it off (trade sale)
    Ken is thinking in the same camp IMO

    Accumulating
    SRK Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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