Strike Resources

Fast Scout Ltd. 23-Jan-06, Confirm the change of name of the Company to Strike Resources Limited effective 16 January 2006. The new ASX Code for Strike Resources Ltd will be SRK.

Romano Sala Tenna ceased to be a substantial shareholder

Shares in Perth headquartered explorer Strike Resources Ltd have surged 34.7 per cent today following the company's announcement that it has entered into a binding agreement to acquire up to 51 per cent interest in two related iron ore projects.

Advises that 116,667 fully paid ordinary shares, will be released from ASX escrow on 23 December 2006:

Advise that 1,666,667 fully paid ordinary shares will be released from escrow on 9 February 2007:

Perth-based investment company Orion Equities Ltd (formerly Central Exchange) and resources explorer Strike Resources Ltd have announced plans to spin-off their uranium assets into a new company, aiming to list on the ASX.

High flying mining stocks have topped our survey of shareholder returns, notwithstanding the recent stockmarket volatility.

Perth-based Strike Resources Ltd has commenced legal proceedings against a Peruvian company and its associates to end uncertainty relating to its iron ore assets in the country.

Strike Resources Ltd is banking on the high iron ore and coal prices to feed the development of its flagship Peru project as it signs a $19 million scrip deal to reacquire two projects from Perth-based Orion Equities Ltd.

Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.

Strike Resources Ltd said a $53 million investment by Russian billionaire Alisher Usmanov will not proceed, as market turmoil takes its toll on due diligence investigations.

THE roll call of Western Australian businesses directly affected by the global credit crunch grew suddenly during the past week, with several listed companies changing their plans in response to the meltdown on Wall Street.

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.

In the second of this year’s quarterly series on executive remuneration, we find one conspicuous exception to the tighter salary packages on offer.

Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on the back of gold price volatility.

Synergy chairman Lyndon Rowe is confident Synergy’s new board, which was boosted today with the addition of three members, will operate harmoniously.

An investment company chaired by Perth businessman Farooq Khan has made an off-market $8 million cash bid for full ownership of Strike Resources, and may seek opportunities for the business outside the resources sector.

SPECIAL REPORT: The number of women serving on company boards is slowly one the rise, but it’s still rare to see a female take the chair, judging by Business News’s analysis of Western Australian company directors.

Perth-based Strike Resources has sold its Apurimac and Cusco iron ore projects in Peru for about $13.5 million, as the company shifts its focus to other commodities.

Our weekly appointments wrap includes Lydia Litton, William Bradford, Nicholas van Hattem, Chris Torrey, Gail Beck, Daniel Brown, Merle Carter, Linda Dridi, Jonathan Ford, Corina Martin, Vicki O’Donnell...

Our board moves wrap includes Warren McLeland, Don Koch, Andrey Maruta, Amanda Farris, Tony Kiernan, Kathleen Conlon, and Malcolm Richmond.