SPR 3.24% $1.28 spartan resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-2

  1. 2,053 Posts.
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    12m in cash left!?! That’s great news for me. I thought they would be closer to 3m, way off the mark there. Completely unhedged, debt-free, with a bonus of some low grade stockpiles to maximise mill runs when NN is dug out.

    Imo, if the next drilling campaign returns extensions to NN down plunge, 200m+ mc easy and an obvious TO target.

    GCY is in a very unique position having the mill, no debt, ~12m in cash and so far a significant gold find.

    this report clarified a lot of questions I had. I will definitely be putting in more money when this resumes trading. Perhaps a thread on SP expectations and trading strategies could be useful to help us plebs navigate through what I think will be a volatile reopening.

    hoping for the best here for all holders.

    gltah and dyor
 
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$1.28
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$1.25 $1.29 $1.24 $4.264M 3.377M

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