SRK 3.33% 3.1¢ strike resources limited

to receive us $62 & market cap $16m wow, page-129

  1. K8
    296 Posts.

    clarke, not quite the deal was srk makes the first offer if it is beaten the winner must buy out all others on those terms even if it was just 1$ above srk's.

    If it is not beaten then SRK moves too 100%

    D & C Pesca had the highest bid and now must buy out all the other partners + the loans on the same terms.

    I believe the first payment of $27.5m is due on the 5th of November. If they default on this which I believe is unlikely it will go to the second highest bidder.
 
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