SPR spartan resources limited

2.71%

$2.27

I've been through i twice already with BRB and MGV.All i can say...

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perdant

4,864 Posts.

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14/05/25

19:56

Post #: 79045291
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Originally posted by Marfis2358: ↑

This is a really excellent deal. If you are a RMS shareholder that is. Your future was low grade scratching around at Magnet and other bits and pieces that you managed to buy from disinterested companies.
Now you've got yourself high grade resources and plenty of exploration upside still to come. While we SPR shareholders are expected to bend over and take what's coming.
Seems like no matter which way you hold it we got the rough end of the pineapple.
Lack of recent drilling results suggests that there might be some good news, but that would spoil the deal. So go slow on the drilling and maybe we will forget what a great position we were in. I don't buy the narrative that we would struggle to get into production - raising equity capital seemed a straightforward job. We were told not to expect to see the mill cranking up until the end of next year anyway. It is also worth remembering that 55 million performance rights (worth about $100 at current prices) automatically vest in the event of a change of control. Wish I had some of those. Wouldn't be a slight conflict of interest would it? I have been in this since ~35c so I make good $$. But I reckon we're leaving a hell of a lot on the table.

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I've been through i twice already with BRB and MGV.
All i can say that in the end, both times, i am better off.
I do however agree with @bruham , i would prefer the extra shares than the cash.
GLTH.
perdy

SPR Price at posting: $1.95 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $2.27		Change 0.060(2.71%)		Mkt cap ! $2.909B

Open	High	Low	Value	Volume
$2.23	$2.27	$2.20	$7.331M	3.278M

Buyers (Bids)

No.	Vol.	Price($)
2	403	$2.25

Sellers (Offers)

Price($)	Vol.	No.
$2.27	77805	7

View Market Depth

No.	Vol.	Price($)
2	16851	2.200
1	229	2.190
1	750	2.180
1	800	2.160
2	248	2.150

Price($)	Vol.	No.
2.280	133000	1
2.290	37079	2
2.300	9888	3
2.310	7500	1
2.320	23500	2

Last trade - 16.10pm 13/06/2025 (20 minute delay)

SPR (ASX) Chart

I've been through i twice already with BRB and MGV.All i can say...

Iberian expansion: Megado turns to Europe with Spanish copper mines

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Clinuvel shares dip, even as CEO comes back from temp leave

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Zip's stunning comeback: Is this the start of a $14 revival?

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I've been through i twice already with BRB and MGV.All i can say...

Top Stories

Iberian expansion: Megado turns to Europe with Spanish copper mines

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Clinuvel shares dip, even as CEO comes back from temp leave

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Zip's stunning comeback: Is this the start of a $14 revival?

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Buyers (Bids)

Sellers (Offers)

Featured News