If SPR had been trading at a lower range giving it a lower 30 day VWAP this take over offer at the same price would have looked better on a % basis.
I get the growth optionality but can fictional ounces really be valued?
Objectively, what is the current resource and / or upcoming resource update actually worth.
If the street thinks DEG bid was over valued then what could you expect for SPR.
Ownership bias is rife, i agree the probability of these orebodies being worth more down the road is real but you have to discount 'potential' future upside.
SL and co ready for exit liquidity, I would have hoped he fought harder for better premium. Keen to hear what he has to say.
It's been a wild ride, congrats holders, many bags have been made and we're still moaning.
Relax, Just hold some RMS for the long term, NN and P gonna print. Or an even bigger fish comes for them both.
SPR Price at posting:
$1.75 Sentiment: Hold Disclosure: Held
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