Share
1,700 Posts.
lightbulb Created with Sketch. 839
clock Created with Sketch.
17/03/25
09:12
Share
Originally posted by plough:
↑
"Based on Ramelius’ close price of $2.20 per share on 14 March 2025, the Consideration implies a value of $1.78 per Spartan share, representing a: • 11.3% premium to Spartan’s closing price of $1.60 per share on 14 March 2025;" Be interesting how the big shareholders think of this , $`1.78 is around what the reserve is worth but does not take into account the inferred on a NPV 8 ( 2 years until mining started ) basis or any other blue sky . I suspect they will vote no and better to go alone , nice first try sort of like what WGX tried before which was how successful .... not . I am surmising a bigger Canadian player will show an Ace card and seal the deal to the angst of RMS .
Expand
I hope you are right mate. If not I would have been better off pulling out earlier and investing elsewhere, this really is not what I expected, especially from the SPR board. To say I am shattered is an understatement. I can not believe SL has taken such a s#&t deal, considering his past deals that he gas done. Or am i looking at this wrong? GLTAH DYOR