surprised this is not already a lot higher, bought in today. I guess the market is concerned about the CR needed for development. Based on reports they can debt finance upto $70million. I would say they would be looking at another $25million minimum in equity raising which would be well supported now. I am hoping for a rights issue to top up. A month ago things were looking grim to raise cash, today its a completely different story.
For a potential 200,000 ounce pa producer this is a great story, exploration success is the key of course to outperformance which is why they would want another $10million for exploration this year to really build on the resources and prove up another few years of production
News flow, page-8
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Last
$1.30 |
Change
0.020(1.57%) |
Mkt cap ! $1.433B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.27 | $3.351M | 2.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 57 | 61692 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 75566 | 13 |
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| Last trade - 14.24pm 15/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |