SRK 0.00% 3.3¢ strike resources limited

The announcement repeatedly warns that SRK is dubious that D&C...

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  1. 3,140 Posts.
    The announcement repeatedly warns that SRK is dubious that D&C Pesca can come up with the money needed to complete the deal.

    To make an announcement of an offer and then conclude the announcement by saying they are looking at alternatives doesn't inspire much confidence. I certainly wouldn't be putting the house on it.


    Strike is in the process of making enquiries to D&C Pesca about its capacity to fund its counteroffer,
    and to date does not have any written or formal evidence of its ability to meet its obligations under
    the AFSA. Until such written or formal evidence is provided supporting the financial capacity of D&C
    Pesca to meet its payment obligations under the AFSA, the Board of Strike recommends that
    shareholders consider that there remains a substantial completion risk relating to the D&C Pesca counteroffer.
    As a consequence, Strike is reviewing its alternatives in the event that D&C Pesca fails to meet its
    payment obligations.
 
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