SRK currently in trading halt.
Good chance they'll lose the shootout clause and their partner will pay them back roughly US$38mil. This goes on top of the roughly $20mil they have in the Bank and the US$4mil they are receiving as well for Berau.
This gives a total of roughly $62mil Cash minus the $9mil they have to pay Cuervo for a total of roughly around $53mil once all is done and dusted.
Current Market Cap $16mil - You guys do the sums but as soon as this opens up on Monday and assuming we lose the shootout clause, she'll at least DOUBLE you would of thought and even then it's still a bargain compared to CASH BACKING!!!
want 38c in cash for 11c check out this stock
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 (20min delay)
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.931M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24670 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 4161 | 1 |
View Market Depth
| Last trade - 16.12pm 27/09/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
Day chart unavailable