Spartan has a market cap today of $1.411 billion.
Ramelius market cap meanwhile is at $2.163 billion.
MZ says Spartan has quite a way to go yet and is in the early stages of development, and that he is happy with the investment. He's playing a dead hand to everyone.
The time is running out for RMS to make a takeover and Simon has the box position to drive the purchase price upwards if indeed that is the end game.
More than likely though it may be a merger. How that plays out we are yet to see but you would have to think that the board will be looking to value Spartan at circa $1.50. How could it be any less than that.
Spartan has a market cap today of $1.411 billion.Ramelius market...
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Last
$1.27 |
Change
-0.033(2.50%) |
Mkt cap ! $1.424B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.26 | $2.713M | 2.125M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 34332 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 78618 | 43 |
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| Last trade - 15.01pm 08/10/2024 (20 minute delay) ? |
| SPR (ASX) Chart |