SPR spartan resources limited

New closing HIGH, page-63

  1. 2,262 Posts.
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    there is a bit of chatter about WGX acquiring pissy little 300-500koz, sterilised or minimal upside resources near Meekatharra currently.

    seems like a bit of a non-sense. If there is any truth to the rumours they should highly reconsider. the upside on SPR compared to any other potential stock for WGX is unmatched. A third mill and becoming a new regional hub to toll treat other smaller operations and create more synergies. small Meekatharra resources are stranded assets and will never be developed by these other juniors. you're much better off letting them strangle their own value and pick them up for pennies and go after a proper strategic asset (for the right price for us) in SPR.

    if WGX move on any other co I believe RMS will strike, and probably will eventually absorbing WGX due to their lack of vision.
 
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