SPR 2.32% $1.33 spartan resources limited

Ann: New Results Confirm Scale & Significance of Never Never, page-44

  1. 4,544 Posts.
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    Its an interesting one, recap and dilute or TKO and dilute... if the board and mgnt are doing thier jobs, the outcome should be always in the best interest of shareholders. Having given it all more thought, I'm on the fence, a TKO by a midcap appeals as their valuations are lowish with my expectations of increasing PoG in 23 would be share price appreciation which in theory claws back any capital loss. On the other side, clear debt, modest cap raise to continue exploration and C&M. If there are more NN then the shareprice could appreciate alot, as long as the board don't go too large on the cap raise which would act like a millstone around the neck
 
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