There are some great posts from both sides of the argument with very salient points.
SL is the messiah to some and can do no wrong in the eyes of those investors that have multi bagged. That stated, did he really maximised SPR shareholder value in this deal? Our best negotiating weapon is/was drill assays yet we have been under a radio silence for over 3 months on that front while the framework of the deal was being constructed behind the scenes ....... since the cap raise maybe?
As for risk ..... not size related but different for different punters. For me, I had all my eggs in the one basket (SPR) in the hope of a current producer taking them out at a premium to reduce my risk of just being plums deep in a explorer/developer (albeit at a premium of more than 11% but that % would have been far different if the suitor wasn't massively oversold in the few trading days beforehand). Other punters will have a more diversified portfolio and would welcome the risk reward profile a solo SPR offers. Horses for courses.
As mentioned in previous posts I believe we have good times ahead and I'm sticking with whoever ends up with Dalgaranga ie not selling. My view is that any company with that turf in their suite of assets will still have a target on their back ...... SPR did ...... now RMS does.
SPR Price at posting:
$1.75 Sentiment: Buy Disclosure: Held
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