I feel for BGL shareholders, just been going back over the recent announcements and if the MoM guys are right this is not just the usual dip on the CR - they really have a challenge ahead to mine sufficient ore in coming quarters to fill their mill while they are trying to develop and add infrastructure.
I agree @Peppie - I first thought this might scare people off SPR but the more I look they are chalk and cheese - because of the debt (for a start). With a Market Cap in the mid $1.5bn region I think SPR shareholders would prefer a CR for whatever startup capital is needed (I certainly would) to keep the wolves away and create space and time to be strategic during startup. I also think the market may now actually pay a premium for SPR because it has no debt. This video by MoM is looking spot on right now in terms of funding using debt (starting at 14:55)
https://youtu.be/aUjqYB7Dop8?si=aVtJZKcf-AoPH1um
I feel for BGL shareholders, just been going back over the...
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Last
$1.46 |
Change
0.160(12.4%) |
Mkt cap ! $1.610B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.46 | $1.31 | $59.53M | 41.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 900 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 72681 | 4 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| SPR (ASX) Chart |