Spartan’s success has attracted Ramelius Resources (ASX: RMS) as a new major shareholder.
Earlier this year, Ramelius paid A$180 million for a 17.9% stake in Spartan. Its flagship Mt Magnet operation is just 65km from Dalgaranga.
Lawson said the two companies had a good relationship and would likely catch up during the conference.
“There's probably no one better qualified in the whole of Australia to mine what we have. I've got a lot of respect for Mark [Zeptner] and his team,” he said.
Still, Lawson can see a scenario where a party other than Ramelius is attracted to Spartan.
“Someone with more horsepower could come along and say, ‘you know what, that 18% represents a strategic investment by Ramelius, we're happy to pay overs to get that 80%’ and then take the rest of the company over for X amount of dollars,” he said.
“I don't think it'll be a domestic, to be honest.
“I think Ramelius is capable, and if they really wanted to, and they're motivated, they can find the firepower.
“I like to think that there would be a world where someone, in a more global sense, may even wait for them to do that, and say ‘you did that deal and now we'll take you both out’.”
Now it would be cool if someone could tell me why RMS shares went down from the $2.20 level whereas Spartan has hit, and even exceeded $1.78?
cheers
SPR Price at posting:
$1.74 Sentiment: None Disclosure: Held
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