SPR spartan resources limited

Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor, page-29

  1. 117 Posts.
    lightbulb Created with Sketch. 16
    Apologies for this obvious question, but can someone break this down for me like I’m a 5 year old, incase I’ve misunderstood this.

    I entered quite heavy at .165 and haven’t added since. Haven’t sold either. Someone just gave me the heads up to enter hard on this. Definitely a great decision.

    So my understanding is for every 17 shares I hold I can purchase another 1 at a 11% discount from current market rate? So .58, Is that right?

    Wouldn’t buying now more increase my average buy in price? Or would someone in my position likely buy to prevent dilution (have I got that right?)

    Just decided gold and silver was a good move a while back so wanted some exposure.

    Silver Mines was my other hold but that appears to refuse to react to positive sentiment in the markets. I’m thinking I should re-allocate those funds elsewhere? But it does look bottomed.
 
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
$1.97
Change
-0.025(1.25%)
Mkt cap ! $2.524B
Open High Low Value Volume
$2.01 $2.05 $1.95 $66.88M 33.90M

Buyers (Bids)

No. Vol. Price($)
5 77974 $1.96
 

Sellers (Offers)

Price($) Vol. No.
$1.98 85766 5
View Market Depth
Last trade - 16.10pm 27/06/2025 (20 minute delay) ?
SPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.