SPR 2.82% $1.28 spartan resources limited

Ann: Suspension From Official Quotation, page-21

  1. 4,545 Posts.
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    I feel pretty positive about this;

    • Stop losing money
    • Preserve capital after the C&M is executed
    • Drill out NN &(look for another HG deposit in the vicinity)
    • Massive plant and high grade asset ready to go
    • Initial recapitalisation should be modest - funding exploration and strategy
    • Live to fight another day

    The main residual risk is a TKO, however, until PogG and market conditions stablise any suitors may be gun shy

    This will also sort out WA mining industry inflation ( at least the labour component)
 
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