Siva108 and albatross,
I have updated the SP Ratio plots by starting the series the week before the SPR MRE Update announcement on 23/7/2024. The blue dots show the significant impact on the SP Ratios based on the closing SPs on 23/7/2024.
I suspect the SPR Maiden UG Ore Reserve due in 'the second half of 2024' (and based on the June 2024 MRE) may be the catalyst for another significant change in the SP Ratios.
Ongoing drilling results (from both SPR and RMS) may also have some influence on the SP Ratios.
My experience is that SP Ratios that appear to be in 'lockstep' over a period of time are 'necessary but not sufficient' for a takeover to emerge.
Chart, page-383
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Last
$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.27 | $545.0K | 426.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 50131 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 653 | 1 |
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| Last trade - 10.36am 04/10/2024 (20 minute delay) ? |
| SPR (ASX) Chart |