"The way the stake was acquired suggests it's too big - and strategically important - to sell on-market"
I failed getting into the brains trust , but from a lateral thinking perspective maybe RMS will sell part of its stake off market back to SPR at VWAP (so RMS books a nice profit ) SPR issues shares for some or all of the purchase who then on sells the stake to the mine suppliers as a trade for future services provided so reducing the need for a discounted placement that would rock the boat like what just happened to BGL . ?
Plenty of scenarios one of the good things about being a listed company .
"The way the stake was acquired suggests it's too big - and...
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Last
$1.29 |
Change
0.000(0.00%) |
Mkt cap ! $1.429B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.31 | $1.27 | $6.108M | 4.747M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17537 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 39997 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SPR (ASX) Chart |