Look19 Nov 2013 13:22
When Pala first went for buyout of TXR- now SRX, they offered a fraction of what it was worth and where it went to after dust had settled. Pala even upped their offer for SRX. If Pala are seriously thinking of accepting a takeover of srx and shedding their 54%, do you really think they are going to be accepting less than £1 a share? after the Turnaround that Pala/Vlad have been party to, from the days of OLd Dredgey?
This company has been completely transformed since 2011.
Pala are envisaging 250,000 tonnes of rutile per annum, Zircon, Ilmenite, green gold Agriculture Business, Reduced costs towards $600, even $500/t. SRX has a massive Rare Earth find within the tenements with a value.
Pala and x?
:-)