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.
- Forums
- ASX - By Stock
- Ann: A$80m Fully Underwritten Equity Raising to Accelerate Explor
The window of opportunity on a takeover at $1B or less may be...
-
- There are more pages in this discussion • 96 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
(20min delay)
|
|||||
Last
70.5¢ |
Change
-0.015(2.08%) |
Mkt cap ! $784.2M |
Open | High | Low | Value | Volume |
71.0¢ | 71.0¢ | 70.0¢ | $852.8K | 1.209M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 111478 | 70.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.0¢ | 92149 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 99542 | 0.705 |
11 | 145371 | 0.700 |
12 | 66532 | 0.695 |
10 | 218366 | 0.690 |
9 | 533712 | 0.685 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 110536 | 20 |
0.715 | 88034 | 8 |
0.720 | 31096 | 6 |
0.725 | 121811 | 7 |
0.730 | 307625 | 4 |
Last trade - 12.22pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
70.5¢ |
  |
Change
-0.015 ( 2.00 %) |
|||
Open | High | Low | Volume | ||
70.5¢ | 71.0¢ | 70.0¢ | 153642 | ||
Last updated 12.45pm 24/05/2024 ? |
Featured News
SPR (ASX) Chart |