SPR 3.47% $1.25 spartan resources limited

Ann: Group Mineral Resources Grow to Over 1.3Moz, page-17

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  1. 12,027 Posts.
    lightbulb Created with Sketch. 6797
    I can only say I am surprised that it continues to be pushed lower, but then... its on very thin volume.
    E/V of just $107m is getting stupidly cheap (I was saying that for weeks, and yet the SP continues to slide).
    I will likely grab a few more, but in all honestly, I cannot purchase many more, as there is operation risk with GCY, mainly due to the debt and the small production profile.

    I continue to be surprised at the lack of corporate action, considering that GCY was basically offered $0.60 a share by a private enterprise whilst during administration. I am not going to allow myself to be shaken out, especially if they continue to produce 6000-6500 ounces per month.
 
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