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 29/06/18

1 year TSR5 year TSR
105thGolden Deeps120%20%
291stStrike Resources29%4%
359thGindalbie Metals19%-30%
394thGulf Manganese Corporation10%-33%
764thHardey Resources-60%-21%
722 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


359th↑Strike Resources$3
418th↓Gindalbie Metals$0
419th↓Golden Deeps$0
421st↓Gulf Manganese Corporation$0
422nd-Hardey Resources$0
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Strike Resources

544thWilliam Johnson$228k
335thFarooq Khan$67k
1108thMalcolm Richmond$60k
Ranked by total remuneration from all listed WA companies

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