Xstrata is the obvious suitor however their tie up with Glencore may prevent any deal in the near term. Glencore has also been looking to build an iron ore business so SRK would still be a good fit.
I notice in the latest presentation they go out of their way to show the proximity of Xstrata assets to SRKs
Xstrata would also know how to navigate through the local issues including community relations so I dont think that would be enough to scare them away
it seems the focus is to increase the scale i.e. more tonnes so that it becomes a 30-40 year project
certainly worth signicantly more than 11c however it seems someone is intent on keeping it at these levels
Xstrata is the obvious suitor however their tie up with Glencore...
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Last
3.3¢ |
Change
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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 |
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