I agree … ‘don’t shoot the messenger’ - Simon’s reputation intact with me
… and here’s a flashback to just one month ago (24/05/24) and an excerpt from Barry Fitzgerald’s relevant media story:
https://hotcopper.com.au/posts/73998321/single
… “The question on many lips is will Spartan remain independent given deposits like Never and Never, and likely Pepper, don’t come along all that often.
It has been in M & A sights before (Westgold), and regional players include the acquisitive Silver Lake and Ramelius.
They all had a chance to move earlier at lower levels. But then again, if Dalgaranga continues to shape up as a long-lived gold producer of high-grade gold, it is anybody’s guess.
What is known is that any M & A action would have to start at $1-plus.
We know that because of a phone chat Lawson had earlier in the week with John Hodder from private equity resources fund Tembo Capital, a long-term backer of Spartan.
Hodder stepped down from the Spartan board recently, prompting talk that maybe Tembo’s time on the Spartan register with a holding of about 15% was also up, as PE firms are want to do when they’ve made a killing.
But Lawson relayed that Hodder told him that he is not interested in selling for less than $1 a share.
As it is, Spartan shares have been holding up nicely this week thanks to the news of the extensional high-grade hits at depth at Pepper (including 14.73m at 11.42g/t from 553.73m, including 4.37m at 36.8g/t.)…”
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I agree … ‘don’t shoot the messenger’ - Simon’s reputation...
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Last
$2.01 |
Change
0.010(0.50%) |
Mkt cap ! $2.556B |
Open | High | Low | Value | Volume |
$2.00 | $2.02 | $1.99 | $489.2K | 244.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 7635 | $2.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.01 | 22659 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5387 | 2.000 |
10 | 24649 | 1.995 |
17 | 83063 | 1.990 |
9 | 16010 | 1.985 |
13 | 68355 | 1.980 |
Price($) | Vol. | No. |
---|---|---|
2.010 | 20971 | 7 |
2.020 | 86958 | 16 |
2.030 | 97063 | 13 |
2.040 | 23814 | 9 |
2.050 | 20885 | 6 |
Last trade - 10.27am 26/06/2025 (20 minute delay) ? |
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