SPR 1.78% 83.0¢ spartan resources limited

Ann: Trading Halt, page-59

  1. 3,388 Posts.
    lightbulb Created with Sketch. 400
    Oh calm down you folk. Know one knows the terms, a $20m odd raise isn't going to do shit when your cap is $400m.

    Anyone actually stopped to think what SL might need this money for? Like what could have changed in the past week?

    How about this theory.

    There is a very deep "pending assay" (75-100m deeper than ever been drilled) and a new "planned drilling" target in the latest presentation from two days ago.
    https://hotcopper.com.au/data/attachments/5740/5740139-e923f8f9dff1db5404f906bb7ec08a84.jpg

    Maybe SL and his boys have seen something in that 'pending assay'.

    Maybe he's going roll that dice and go deep and see where NN has come from and if Four Pillars and West Winds join. But just remember deep drilling costs real money.

    Maybe Danny's picture the other day isn't far fetched.
    https://hotcopper.com.au/data/attachments/5740/5740282-ada0b81b7d2d80c1e57f4c14e904b96a.jpg

    We need to know where this gold came from and quickly.
 
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