That's why SPR needs to get some real numbers out about what a...

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Undaunted

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05/07/24

07:48

Post #: 74617665
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Originally posted by calmbeforestorm: ↑

SPR seems to be multiple times the size of other companies RMS has taken over.

MC of RMS $2.17b and EV - $1.625b; SPR - $1.02b with EV about $900m.

A hypothetical - say in 6-8 mths SPR sees the size of Pepper becoming to look like 500k Oz to 800k Oz and they discover another NN/Pepper below WW and it’s 50% the size of NN+Pepper and its SP goes up to say $1.50 or a MC $1.65b If RMS wanted to TO SPR they may need to offer $2.00 a MC of $2.2b - RMS current MC.

Under this hypothetical - A. its more like a merger Or B. It’s a very big TO for RMS or 6-8 times its previous TO? (Not sure the 6-8 is right).

No idea if it will turn out like this scenario. My point is SPR is a very big TO and RMS better to act quickly if the scenario turns out to be anywhere sensible.

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That's why SPR needs to get some real numbers out about what a future mine can generate in terms of gold and free cashflow. Releasing drill hole intersections, "de-risking" and appearing at conferences will leave SPR vulnerable and shareholders dudded

SPR Price at posting: 92.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.02		Change 0.020(1.00%)		Mkt cap ! $2.553B

Open	High	Low	Value	Volume
$2.00	$2.02	$1.98	$2.055M	1.028M

Buyers (Bids)

No.	Vol.	Price($)
37	117040	$2.01

Sellers (Offers)

Price($)	Vol.	No.
$2.02	73988	36

View Market Depth

No.	Vol.	Price($)
30	99047	2.010
20	212418	2.000
12	54876	1.995
14	73834	1.990
7	40306	1.985

Price($)	Vol.	No.
2.020	59091	31
2.030	136393	23
2.040	82376	22
2.050	29628	11
2.060	19018	6

Last trade - 13.39pm 26/06/2025 (20 minute delay)

SPR (ASX) Chart

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