https://www.theaustralian.com.au/bu...erage/8da971d5ff3908680a50f9c589e94703#148710
Ramelius' $87.7m Spartan buy-in
Valerina Changarathil
Gold miner Ramelius Resources says it has no current intention to take over Spartan Resources (formerly Gascoyne Resources) after spending $87.7m on a 8.9 per cent stake in the ASX-listed smaller group.
Ramelius said the 98.5 million shareholding, bought on market on June 25 and 26, was a "strategic investment", given Spartan's Dalgaranga gold project, which is located 65km north-west of its Mount Magnet operations in the Murchison Region of Western Australia.
"Our investment into Spartan Resources provides us with a strategic addition to the portfolio," Ramelius managing director Mark Zeptner said.
Following the purchase of Spartan shares, Ramelius has $446m in cash and gold, and its operations are forecast to continue generating significant free cash flow over the medium term.
Shares in Ramelius last at $1.87; Spartan at 90c.
- Forums
- ASX - By Stock
- SPR
- Ann: RMS: Ramelius makes strategic investment in Spartan Resourc.
Ann: RMS: Ramelius makes strategic investment in Spartan Resourc., page-9
-
- There are more pages in this discussion • 207 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
|
|||||
Last
$1.18 |
Change
0.060(5.36%) |
Mkt cap ! $1.306B |
Open | High | Low | Value | Volume |
$1.14 | $1.20 | $1.14 | $5.063M | 4.320M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18296 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.20 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10752 | 1.270 |
1 | 50000 | 1.260 |
3 | 5621 | 1.255 |
4 | 97105 | 1.250 |
9 | 15075 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 61538 | 1 |
1.110 | 23060 | 1 |
1.135 | 66515 | 4 |
1.140 | 72480 | 3 |
1.145 | 1424 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |