SPR 1.78% 83.0¢ spartan resources limited

Yes, but who? SPR is probably too expensive for the mid-tier...

  1. 797 Posts.
    lightbulb Created with Sketch. 313
    Yes, but who? SPR is probably too expensive for the mid-tier producers now. But not big enough yet for the majors.

    My take is that this is a stopgap raise as they try to get to a scale and certainty that draws out a bid. But in the meantime they are throwing a few bones to those that want to see steps towards a decision to mine. Anyway, Tembo and Delphi need to bluff better that they will take it into production themselves if they want to maximise their exit.

    Either way, at the entitlement offer price it seems worth further investment.
 
watchlist Created with Sketch. Add SPR (ASX) to my watchlist
(20min delay)
Last
83.0¢
Change
-0.015(1.78%)
Mkt cap ! $916.8M
Open High Low Value Volume
82.5¢ 84.5¢ 80.5¢ $6.059M 7.274M

Buyers (Bids)

No. Vol. Price($)
1 2988 83.0¢
 

Sellers (Offers)

Price($) Vol. No.
83.5¢ 38110 3
View Market Depth
Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
Last
83.0¢
  Change
-0.015 ( 1.44 %)
Open High Low Volume
80.5¢ 84.3¢ 80.5¢ 213618
Last updated 15.59pm 14/06/2024 ?
SPR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.