When you think about what a CR means at this stage of growth, it means they are more flexible to keep drilling the targets (multiple targets by the looks) into next year, to continue to build a substantial Mineral resource before restart of the plant. It will mean that even when the FID comes in SPR has the ability to keep generating news with drilling.
Hopefully it is somewhere around 10-20 million just to keep the Drill bits spinning next year.
I believe BGL and other growth stories kept raising during the growth/drilling phase even when they had millions in the bank, so this is a good thing IMO. We'll see this bounce back, it's even cheaper now than it was when it was cheap a week ago.
Ann: Trading Halt, page-16
-
- There are more pages in this discussion • 146 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
83.0¢ |
Change
0.010(1.22%) |
Mkt cap ! $916.8M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.5¢ | 82.0¢ | $3.833M | 4.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25650 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 194554 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SPR (ASX) Chart |