SRK 3.33% 3.1¢ strike resources limited

to receive us $62 & market cap $16m wow, page-128

  1. 448 Posts.
    I expect the SRK offer was a tentative bid to sound out D&C. If the bid was successful then SRK gets the project very cheap.
    I dont think SRK would accept a counter offer of $1 above their own.
    D&C could well be looking to finish the bidding war off quickly by raising the stakes by $27m.
    It is a takeover scenario. Just no one knows whos going to takeover who.
 
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