SPR spartan resources limited
Add to My Watchlist 1.75% ! $1.97

Ann: Gascoyne Capitalises on Strong A$ Gold Price, page-4

  1. loki01
    11,147 Posts.
    lightbulb Created with Sketch. 644
    clock Created with Sketch.
    09/11/17
    10:05
    Post #: 28632585
    I do not think that this announcement will make the share price shoot up. If course I could be wrong.

    It is part of the slow, somewhat torturous, process of getting the bank finance for the project.

    I suppose that if the bank has insisted on this hedge then the money will be provided by CBA when required.

    loki
    GCY Price at posting: 46.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

  3. speculator101
    12,592 Posts.
    lightbulb Created with Sketch. 8248
    clock Created with Sketch.
    09/11/17
    10:05
    Post #: 28632588
    Hey Alb - pretty sure from the start GCY stated that part of the debt facility would require some hedging or something similar. It would seem, on face value that they have been able to get a hedge, that is possibly, flexible (forward dating), which I actually prefer, as I see POG going a lot lot higher. As say, in the end 82k is not a large amount. I think SAR had to hedge something like 350k a couple of years back.

    Hopefully in the next company presentation, they can add a little color to the arrangement.
    GCY Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply
 

Featured News

NEWS Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist
right-arrow Created with Sketch.
NEWS Diamantina Advanced Copper-Gold Project Acquisition in Western Queensland
right-arrow Created with Sketch.
NEWS AnteoTech and Black Diamond Structures to Progress Advanced Battery Product in the USA
right-arrow Created with Sketch.
NEWS Transformative PV solar recycling acquisition completed
right-arrow Created with Sketch.
NEWS High-Grade Gold Discovery Extends 75m North at 8 Mile Drill Hole
right-arrow Created with Sketch.
NEWS Kameelburg Niobium and REE mineralisation extends to 1,350 Meters
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
$1.97 		Change
-0.035(1.75%) 		Mkt cap ! $2.530B
Open High Low Value Volume
$1.98 $1.98 $1.94 $11.10M 5.674M

Buyers (Bids)

No. Vol. Price($)
2 11784 $1.95
 

Sellers (Offers)

Price($) Vol. No.
$1.97 1680 1
View Market Depth
Last trade - 16.19pm 21/07/2025 (20 minute delay) ?
SPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.