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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$1.28 |
Change
0.035(2.82%) |
Mkt cap ! $1.411B |
Open | High | Low | Value | Volume |
$1.26 | $1.30 | $1.24 | $5.422M | 4.265M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29274 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.29 | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 793 | 1.260 |
1 | 10000 | 1.255 |
2 | 4739 | 1.250 |
2 | 22184 | 1.235 |
3 | 135172 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
1.295 | 8000 | 1 |
1.300 | 254100 | 2 |
1.310 | 38499 | 1 |
1.315 | 2473 | 1 |
1.325 | 25000 | 1 |
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