Strike's $53m investment off the table

Negotiations between Strike Resources Ltd and major shareholder Gallagher Holdings, controlled by Russian billionaire Alisher Usmanov, over a $53 million investment have ceased, prompting Strike to abandons plans for an on-market share buy back.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
130thPelican Resources110%16%
181stNzuri Copper69%38%
420thStrike Resources6%-14%
522ndAfrican Energy Resources-11%-23%
649thAdx Energy-33%-15%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$8k Bought
$9k Bought
Total value as at the date of the transaction
Source: Morningstar


357th↑Nzuri Copper$250
358th↓Pelican Resources$141
359th↑Strike Resources$3
360th↓Adx Energy$0
361st-African Energy Resources$0
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Strike Resources

605thWilliam Johnson$228k
376thFarooq Khan$67k
1215thMalcolm Richmond$60k
Ranked by total remuneration from all listed WA companies

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