"The way the stake was acquired suggests it's too big - and strategically important - to sell on-market"
I failed getting into the brains trust , but from a lateral thinking perspective maybe RMS will sell part of its stake off market back to SPR at VWAP (so RMS books a nice profit ) SPR issues shares for some or all of the purchase who then on sells the stake to the mine suppliers as a trade for future services provided so reducing the need for a discounted placement that would rock the boat like what just happened to BGL . ?
Plenty of scenarios one of the good things about being a listed company .
Ann: Dalgaranga Gold Project - Mineral Resource Estimate Update, page-209
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Last
$1.32 |
Change
0.075(6.05%) |
Mkt cap ! $1.463B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.30 | $9.643M | 7.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38428 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 21200 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |