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1.74%

56.5¢ spartan resources limited

Appreciate the view. I guess SL would want to raise when he...

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JFRO007

825 Posts.

117

14/03/24

11:09

Post #: 72879759
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Originally posted by hcosah: ↑

You raise a couple of points.

There was $39M available at 31 December according to quarterly report. This was roughly 3 Qtrs of cash at current rate of expenditure. Given increasing depth it is reasonable to expect that the rate of expenditure will increase. Accordingly, the company is within the window of needing to raise capital in my view.

With respect to MUFG selling to raise cash to purchase at a lower price in a CR, I'd be surprised. If a large shareholder sold shares with the expectation of buying discounted stock I wouldn't provide it to them, that wouldn't be the type of shareholder I'd encourage to the register. If there was however some sort of sweetheart deal I would question the integrity of management.

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Appreciate the view. I guess SL would want to raise when he knows the price is higher to avoid more dilution for shareholders and more interest for people to take up the CR as they are excited. Either way. I’ve been in since 19c and topped up at 38c. I’ll participate in the CR if it’s open to retail

SPR Price at posting: 62.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 56.5¢		Change -0.010(1.74%)		Mkt cap ! $613.1M

Open	High	Low	Value	Volume
58.0¢	58.5¢	56.5¢	$3.221M	5.654M

Buyers (Bids)

No.	Vol.	Price($)
18	390227	56.5¢

Sellers (Offers)

Price($)	Vol.	No.
57.5¢	42048	2

View Market Depth

No.	Vol.	Price($)
15	359792	0.565
18	376935	0.560
3	115405	0.555
8	168045	0.550
1	4	0.545

Price($)	Vol.	No.
0.575	42048	2
0.580	350000	2
0.585	76808	1
0.590	60000	1
0.600	8264	1

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 57.0¢			Change -0.010 ( 1.30 %)
Open	High		Low	Volume
58.0¢	58.0¢		56.5¢	859060
Last updated 15.59pm 03/05/2024 ?

SPR (ASX) Chart