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3.33% 3.1¢ strike resources limited

trading halt, page-6

  1. Kruiser
    3,947 Posts.
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    04/10/12
    11:41
    Post #: 10811330
    if they lose they have

    cash at bank $19.5m
    receive appox $34.5m
    sale of berau $4m

    thats $58m less the $9m they spend on Cuervo is $49m or 38c per share

    so would expect them to trade at least 30c if this is the result
    SRK Price at posting: 11.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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