TBH I'm celebrating this opportunity to pick up cheap shares. I've purchased back a proverbial shit ton of stock for less than what I sold my last 2 parcels for over 6 months ago. IMHO SPR represents much better/lower risk value proposition now than when I sold them back in mid August.
This was my last SPR sale.
Since then, gold has risen by $450 USD or roughly $900 AUD. Net cash has risen by 180 million. Juniper decline is halfway to NN. Underground drilling has commenced.
This was a no brainer purchase IMO, underpinned by an increasing M&A probability. The lower SPR SP falls the higher the TO probability becomes. SPR could end up becoming a virtual arbitrage entry into RMS.
SPR Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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