The window of opportunity on a takeover at $1B or less may be shut out very quickly. Shares on issue post capital raise are 1,105,000 (expected), so offer would be at around the 90c mark or in the vicinity of a 50% premium to the share price when it reopens to trading. Nothing to sneeze at but given the circumstances of a heavily cashed up explorer, highly prospective tenement, now revealing high grade and generally under-explored at depth, an aggressive (nothing to lose) management style and a rampaging POG, I would humbly suggest a 50% premium maybe not be enough at this opportune time for Spartan.
Next assays will likely tell the story. More good hits at NN and confirmation that Pepper is not a one hit wonder and we are off to the races - the 60 and 70cent levels could be taken out in a couple of sessions imo. Of course, if the assays don’t pan out as we’d like, a 90c takeover would look very appealing.
My opinions only.
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Last
92.0¢ |
Change
-0.010(1.08%) |
Mkt cap ! $1.018B |
Open | High | Low | Value | Volume |
94.0¢ | 94.5¢ | 92.0¢ | $3.353M | 3.594M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 99602 | 92.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.5¢ | 89980 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 99602 | 0.920 |
2 | 32144 | 0.915 |
5 | 87179 | 0.910 |
1 | 22179 | 0.905 |
5 | 56601 | 0.900 |
Price($) | Vol. | No. |
---|---|---|
0.935 | 89980 | 4 |
0.940 | 27724 | 1 |
0.945 | 46987 | 2 |
0.950 | 329920 | 11 |
0.955 | 34563 | 2 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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