https://www.theaustralian.com.au/bu...erage/8da971d5ff3908680a50f9c589e94703#148710
Ramelius' $87.7m Spartan buy-in
Valerina Changarathil
Gold miner Ramelius Resources says it has no current intention to take over Spartan Resources (formerly Gascoyne Resources) after spending $87.7m on a 8.9 per cent stake in the ASX-listed smaller group.
Ramelius said the 98.5 million shareholding, bought on market on June 25 and 26, was a "strategic investment", given Spartan's Dalgaranga gold project, which is located 65km north-west of its Mount Magnet operations in the Murchison Region of Western Australia.
"Our investment into Spartan Resources provides us with a strategic addition to the portfolio," Ramelius managing director Mark Zeptner said.
Following the purchase of Spartan shares, Ramelius has $446m in cash and gold, and its operations are forecast to continue generating significant free cash flow over the medium term.
Shares in Ramelius last at $1.87; Spartan at 90c.
- Forums
- ASX - By Stock
- SPR
- Ann: RMS: Ramelius makes strategic investment in Spartan Resourc.
Ann: RMS: Ramelius makes strategic investment in Spartan Resourc., page-9
-
- There are more pages in this discussion • 207 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.40 |
Change
0.040(2.94%) |
Mkt cap ! $1.557B |
Open | High | Low | Value | Volume |
$1.36 | $1.40 | $1.34 | $6.175M | 4.494M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7371 | $1.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 210044 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7371 | 1.390 |
1 | 25000 | 1.385 |
3 | 41694 | 1.380 |
2 | 51968 | 1.375 |
3 | 36968 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 210044 | 13 |
1.405 | 46694 | 4 |
1.410 | 70311 | 5 |
1.415 | 65849 | 4 |
1.420 | 39203 | 2 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online