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Business Description: Straits Resources Limited (SRQ) is a mining and exploration company focused on copper and gold in Australia and Asia. SRQ has two operating mines - the Tritton Copper Mine in New South Wales and the Mt Muro Gold Mine in Indonesia.
Strategy Analysis: Straits aims to advance its re-investment into its core mining operations at Tritton and Mt Muro with short goals aimed to achieve optimum production from Tritton and Mt Muro. The exploration strategy at Tritton and Mt Muro continues to focus on resource and reserve definition drilling to extend the life of these assets.
Straits Resources reported net loss of $139.22m for the year ended 30 June 2012. Revenue from ordinary activities were $253.80m. Basic and Diluted EPS were (38.9) cents compared to (5.9) cents last year. The net operating cash outflow was $36.86m compared to an outflow of $550,000 in the pcp. No dividend was declared.
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The Age 19/06/2013 |
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The Age 19/06/2013 |
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