SPR 2.28% $1.29 spartan resources limited

Ann: Change in substantial holder notice from RMS, page-68

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  1. 4,669 Posts.
    lightbulb Created with Sketch. 906
    Here's an interesting snippet into how RMS operates:

    5 weeks after closing the Spectrum takeover, RMS released a PFS on 30 June 20 for a 3.8 year operation at Penny which included a timeline......

    https://hotcopper.com.au/data/attachments/6287/6287453-582bda0be12387badb02884d05df7286.jpg

    https://hotcopper.com.au/data/attachments/6287/6287460-da2ff6cad8d1aa9fa7e72bf32caf1b42.jpg
    RMS's September 21 quarterly report confirmed the start of the Magenta pit in accordance with the indicative timeline..........
    https://hotcopper.com.au/data/attachments/6287/6287470-fbf03d150a1f295f50bfc2f486857b94.jpg

    The June 22 quarterly report announced the start of the decline, again in line with the timeline .....

    https://hotcopper.com.au/data/attachments/6287/6287483-959569c82e8389fa2cefa2d1d336708c.jpg

    None of RMS's announcement talked about drilling holes to the centre of the earth to grow the resource for the next update and de-risking.

    Meanwhile back at the SPR ranch and 2 years after its "game changer proclamation"......

    https://hotcopper.com.au/data/attachments/6287/6287490-b751b53863f5c5c31870d343e48e6c6c.jpg

 
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