SPR spartan resources limited
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Hi Sabine,It is a bit confusing.Firstly, there is a Placement of...

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    18/04/24
    17:07
    Post #: 73411892
    Hi Sabine,

    It is a bit confusing.

    Firstly, there is a Placement of $47m ... we will likely hear tomorrow how that went.

    Secondly, the NWH stake of 56.9m shares @ $0.58/share is worth ~$33m.
    So I think the Entitlement has been structured to equal $33m ... 965m shares on issue / 17 * $0.58.

    My view ... NWH does not want to be a 'kingmaker' by selling its shares to a potential bidder. Instead, it seems its shares will be distributed pro-rata across all existing Spartan shareholders. Not sure about the details.





    SPR Price at posting: 65.5¢ Sentiment: Hold Disclosure: Held
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