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$1.28 spartan resources limited

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pbawley

1,844 Posts.

395

13/09/21

12:57

Post #: 56019443
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Originally posted by red-frog: ↑

Hi pbawley,
The report is comprehensive and points to FFR getting a good deal imo.

GCY's benefit will be a bit longer term imo as the latest FFR assays, when released may indicate. Melville may take longer than 12 months to be ready for mining but should help GCY going forward.

The GCY June qtr was tough with a modest profit. I think the market wants more certainty, so hopefully that's where FFR plays its part.

DCN has been marked down since their merger with NTM as I think the timeframe to prove up their resources is too far forward looking for the market to accept, especially for the high per oz cost of the merger. Long term I believe DCN will be fine, though I sold out after the merger was announced.

In time I expect the GCY/FFR merger to win strong support though it may take a while for the synergies to be proven. I think GCY is a buy at the current price, though the current pog is not helping the sp.

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Thanks @red-frog

GCY Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.28		Change -0.025(1.92%)		Mkt cap ! $1.418B

Open	High	Low	Value	Volume
$1.30	$1.30	$1.26	$3.625M	2.842M

Buyers (Bids)

No.	Vol.	Price($)
1	293	$1.28

Sellers (Offers)

Price($)	Vol.	No.
$1.28	11970	1

View Market Depth

No.	Vol.	Price($)
1	293	1.275
1	10000	1.265
5	91890	1.260
3	68498	1.255
11	185421	1.250

Price($)	Vol.	No.
1.280	11970	1
1.285	35998	1
1.290	56971	3
1.295	55998	2
1.300	52227	7

Last trade - 16.10pm 08/10/2024 (20 minute delay)

SPR (ASX) Chart