SPR 1.89% $1.08 spartan resources limited

Ann: Change in substantial holding, page-13

  1. 772 Posts.
    lightbulb Created with Sketch. 92
    RMS doing a Ellison / Gina and buying a blocking stake?

    Gives them time to get over the Karora mess and to re-assess options when SPR gets to a 2 million ounce MRE.

    $1billion M/cap

    Plant value appx. $500million (give or take)
    Cash $100million

    Leaving $400million for Gold in the Ground and a bucket full of blue sky.

    Would not be happy if 89c was the final value.


    .
 
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