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
89.0¢ |
Change
-0.025(2.73%) |
Mkt cap ! $988.6M |
Open | High | Low | Value | Volume |
90.0¢ | 90.0¢ | 89.0¢ | $1.289M | 1.440M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 96366 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.5¢ | 22641 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 38806 | 0.895 |
9 | 99130 | 0.890 |
11 | 84576 | 0.885 |
16 | 278908 | 0.880 |
8 | 72254 | 0.875 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 33696 | 16 |
0.905 | 95337 | 14 |
0.910 | 93287 | 8 |
0.915 | 99014 | 12 |
0.920 | 291552 | 9 |
Last trade - 12.11pm 26/06/2024 (20 minute delay) ? |
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