Ann: Corporate Presentation, page-53

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Indecisive

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14/02/25

09:36

Post #: 77853377
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Originally posted by calmbeforestorm: ↑

Context is everything at times- I just listened to it again a few times - there were 2 important contextual comments just before the statement you posted.

1. he spoke about RMS owning 19.9% of SPR and that puts RMS in an interesting position as they cannot acquire anymore of SPR unless they make a bid and also it places SPR in an interesting position - he then referred to questions he was receiving about RMS intentions and responded ask RMS CEO and noted RMS are very interested in what SPR have found.

2. he then started talking about the drill drive and he essentially stayed whether we own NN by the time the drill drive gets to the NN ore body. I think we find out fairly shortly.

One interpretation ie reading between the lines, is be prepared for RMS making a bid for SPR in the next few months ie before the drill drive reaches NN ore body or I won't be surprised if RMS bid for SPR in the next few months.

I may be totally wrong but it seemed clear what he was implying along the lines described above.

I wonder if any handshake deal was done between the two companies when RMS took up the placement in December to go to 19.9%?

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The takeaway for me is that in previous presso's SL has had the 'we're the masters of our own destiny' vibe ..... not in this one.

SPR Price at posting: $1.36 Sentiment: Buy Disclosure: Held
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Ann: Corporate Presentation, page-53

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