SPR 9.16% $1.24 spartan resources limited

Ann: Exploration update - Visible gold intercept logged, page-118

  1. 3,457 Posts.
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    "I was also wondering about how anyone would start the ball rolling on a takeover at the moment. 15 to 20% premium on where we were two weeks ago is roughly where we are at now. Two weeks from now who knows. Lobbing the first bid at 60 could get blown out of the water on good drill results, even before a bidding war starts."

    What are the chances?
    60c - Zero (F. Zero !!!).
    70c - 15%
    80c - 30%
    $1 - 50%

    Bellevue has a market cap of $1.6b. Work back from that.
 
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