Cruch time...., page-166

First 166 Last

Share
Profile

Follow
Joelstar

5,507 Posts.

4635

21/02/25

12:41

Post #: 77964613
Share

Originally posted by Drayno: ↑

Thanks @Joelstar, even more convincing.

Fortunately, Simon seems to be a good negotiator and has skin in the game. A tie up with RMS does make sense for so many reasons, no wonder they have taken a stake. My guess is they have seen this from a long way out and so have been careful not to draw too much attention early on, and even attempted to talk down the asset through the media from time to time. No one wants to pay too much for an asset.

While I would have preferred SPR to go it alone, I can understand the approach Simon has taken if he sees the writing on the wall. Pushing the drill program is certainly one way to lift the share price in order to get the best deal. However, as we've seen, such an approach depends heavily on news flow, and when this slows down the share price falls leaving us vulnerable to a low ball TO. I can't help but think that a stronger narrative around production may have alleviated this, at least a little.

Still a lot to play out, but resigning myself to a TO at some point in the near future. If so, then RMS is a good option, they have done very well in recent years and have the expertise to monetise the asset, and from you're suggesting very quickly. So it is kind of a "win/win" situation, or maybe a "win more/ win less" situation? I would be a happy holder of some RMS script at least.

It will be very interesting to see how this plays out.

Let the games begin.......

Expand

I think the latest rhetoric from Simon turns a takeover into a lay down misere.
What strategic reason would Simon have to announce a potential 2-year production timeline I wonder?
Why specifically mention the ball mill as the key time constraining factor??

Last edited by Joelstar: 21/02/25

SPR Price at posting: $1.35 Sentiment: Buy Disclosure: Held
17 Upvote

0 Great analysis

Reply

Top Stories

Most investors will get this earnings season wrong. Will you?

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

ASE

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 166 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.13		Change 0.000(0.00%)		Mkt cap ! $2.847B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Cruch time...., page-166

Most investors will get this earnings season wrong. Will you?

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Featured News

Cruch time...., page-166

Top Stories

Most investors will get this earnings season wrong. Will you?

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Featured News