SPR 1.18% $1.29 spartan resources limited

Ann: Operational and Corporate Update, page-24

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  1. 74 Posts.
    lightbulb Created with Sketch. 106
    Some good and valid points have been made here.

    Key for me in this is whether the company and advisors are able to convince new and existing investors to commit additional equity funding to keep the operations going and avoid the banks calling in their secured debt positions. The good old "throwing good money after bad" or investing at the bottom to participate in a recovery and turn around. A lot hinges on grade control and whether they can fix the operational issues that have plagued their mining and milling economics.

    What better way for the Board, management and previous long term directors (who walked away last year all of a sudden when the heat got too much for them - you know who you are) to lead the way and commit to taking up their full entitlements in the right issue to give all of us some level of confidence that we are not being taken as fools. NO excuses will be accepted here!
 
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