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
83.0¢ |
Change
-0.015(1.78%) |
Mkt cap ! $916.8M |
Open | High | Low | Value | Volume |
82.5¢ | 84.5¢ | 80.5¢ | $6.059M | 7.274M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2988 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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83.5¢ | 38110 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2988 | 0.830 |
2 | 13030 | 0.820 |
2 | 11000 | 0.810 |
1 | 50000 | 0.805 |
8 | 108076 | 0.800 |
Price($) | Vol. | No. |
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0.840 | 5000 | 1 |
0.850 | 432566 | 4 |
0.855 | 12238 | 2 |
0.860 | 75512 | 2 |
0.870 | 10000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 14/06/2024 ? |
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