Australia's largest stock trading and investment forum Australia's #1 stock forum

SPR

Click for more information

2.73%

89.0¢ spartan resources limited

Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor, page-86

First 86 Last

Share
Profile

Follow
CravenSpecialMild

1,230 Posts.

133

21/04/24

13:34

Post #: 73443880
Share

Originally posted by Prisoner24601: ↑

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.

Expand

Yes, it's all speculation really. We don't know what either company is really thinking. Or what the market may do.

For me, either way it's undervalued.

SPR Price at posting: 65.5¢ Sentiment: Hold Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

Time for retail therapy buying in the shopping Scentre for hot stocks

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

End of FY is a time to juggle wins, losses and capital gains taxes

Eurozone-based companies find new ways to secure a regional lithium supply

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

There are more pages in this discussion • 95 more messages in this thread...

First 86 Last

Add SPR (ASX) to my watchlist

(20min delay)
Last 89.0¢		Change -0.025(2.73%)		Mkt cap ! $988.6M

Open	High	Low	Value	Volume
90.0¢	90.0¢	89.0¢	$1.289M	1.440M

Buyers (Bids)

No.	Vol.	Price($)
13	96366	89.0¢

Sellers (Offers)

Price($)	Vol.	No.
89.5¢	22641	9

View Market Depth

No.	Vol.	Price($)
28	38806	0.895
9	99130	0.890
11	84576	0.885
16	278908	0.880
8	72254	0.875

Price($)	Vol.	No.
0.900	33696	16
0.905	95337	14
0.910	93287	8
0.915	99014	12
0.920	291552	9

Last trade - 12.11pm 26/06/2024 (20 minute delay)

SPR (ASX) Chart