The window of opportunity on a takeover at $1B or less may be shut out very quickly. Shares on issue post capital raise are 1,105,000 (expected), so offer would be at around the 90c mark or in the vicinity of a 50% premium to the share price when it reopens to trading. Nothing to sneeze at but given the circumstances of a heavily cashed up explorer, highly prospective tenement, now revealing high grade and generally under-explored at depth, an aggressive (nothing to lose) management style and a rampaging POG, I would humbly suggest a 50% premium maybe not be enough at this opportune time for Spartan.
Next assays will likely tell the story. More good hits at NN and confirmation that Pepper is not a one hit wonder and we are off to the races - the 60 and 70cent levels could be taken out in a couple of sessions imo. Of course, if the assays don’t pan out as we’d like, a 90c takeover would look very appealing.
My opinions only.
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Last
84.5¢ |
Change
0.070(9.03%) |
Mkt cap ! $933.3M |
Open | High | Low | Value | Volume |
79.0¢ | 86.0¢ | 79.0¢ | $7.628M | 9.228M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 5000 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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84.5¢ | 38342 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5000 | 0.830 |
1 | 100099 | 0.825 |
3 | 100000 | 0.820 |
3 | 76375 | 0.815 |
2 | 51851 | 0.810 |
Price($) | Vol. | No. |
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0.845 | 38342 | 3 |
0.850 | 9000 | 2 |
0.855 | 123566 | 1 |
0.860 | 61627 | 2 |
0.865 | 62068 | 1 |
Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
84.5¢ |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 13/06/2024 ? |
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