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70.0¢ spartan resources limited

Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor, page-86

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CravenSpecialMild

1,148 Posts.

124

21/04/24

13:34

Post #: 73443880
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Originally posted by Prisoner24601: ↑

The window of opportunity on a takeover at $1B or less may be shut out very quickly. Shares on issue post capital raise are 1,105,000 (expected), so offer would be at around the 90c mark or in the vicinity of a 50% premium to the share price when it reopens to trading. Nothing to sneeze at but given the circumstances of a heavily cashed up explorer, highly prospective tenement, now revealing high grade and generally under-explored at depth, an aggressive (nothing to lose) management style and a rampaging POG, I would humbly suggest a 50% premium maybe not be enough at this opportune time for Spartan.
Next assays will likely tell the story. More good hits at NN and confirmation that Pepper is not a one hit wonder and we are off to the races - the 60 and 70cent levels could be taken out in a couple of sessions imo. Of course, if the assays don’t pan out as we’d like, a 90c takeover would look very appealing.
My opinions only.

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Yes, it's all speculation really. We don't know what either company is really thinking. Or what the market may do.

For me, either way it's undervalued.

SPR Price at posting: 65.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 70.0¢		Change -0.020(2.78%)		Mkt cap ! $784.2M

Open	High	Low	Value	Volume
71.0¢	71.0¢	70.0¢	$672.9K	954.5K

Buyers (Bids)

No.	Vol.	Price($)
8	82072	70.0¢

Sellers (Offers)

Price($)	Vol.	No.
70.5¢	76310	18

View Market Depth

No.	Vol.	Price($)
7	25130	0.700
11	65216	0.695
10	105093	0.690
9	169478	0.685
11	120097	0.680

Price($)	Vol.	No.
0.705	76310	18
0.710	56853	7
0.715	88034	8
0.720	31096	6
0.725	121811	7

Last trade - 11.41am 24/05/2024 (20 minute delay)


Last 70.0¢			Change -0.020 ( 2.70 %)
Open	High		Low	Volume
70.5¢	71.0¢		70.0¢	130584
Last updated 11.55am 24/05/2024 ?

SPR (ASX) Chart