SPR spartan resources limited

Yes that is what I meant... Clearly processing higher grades...

  1. 764 Posts.
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    Yes that is what I meant... Clearly processing higher grades while stockpiling lower grades is smart business (not cherry picking - which implies you have no interest in the lower grades). When the digging of that lower grade stops and you are just processing it, that is when your ASIC also drops to make it more profitable. This will be done towards the end of the mine life as they have stated in their financial forecasts.

    @speculator101 from my research you were around when this stock went through its last boom in 2015-2016. Perhaps you can share your sentiment read from then and correlate it to now? and what proceeded when the stock went from 8 cents to 80 cents over the course of approx 12 months.

    Due to the dilution in the re-capitalisation retail investors are not holding anywhere near the number of shares they once had, hence large firms are having trouble accumulating the stock. This happens in time and as you can see from the current order book, liquidity is building.

    I like to dabble in technical analysis also.. here is a chart I have been playing with... As I said before, I expect more positive news to come over the next several months which will continue to fuel this stocks run up. Time will tell.

    https://hotcopper.com.au/data/attachments/2977/2977407-93c64ca6e536773fd9ececf81ea64651.jpg

    What makes me also bullish on this stock is the current price of gold and what is happening with the money printing around the world. With dilution of $$ we should see risk assets increase in value. Should the value of gold break up from this bull flag over the coming months and reach new highs with it will come media attention on gold and investors will look to gold stocks. So their is potentially the perfect storm brewing here and I will be watching closely.

    https://hotcopper.com.au/data/attachments/2977/2977462-017eb4057818d4f5f5d2cf10fc8824e9.jpg

    Gold chart is in USD

    Last edited by DimTheLights: 07/03/21
 
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Last
$1.90
Change
0.030(1.61%)
Mkt cap ! $2.428B
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$1.94 $1.98 $1.89 $2.917M 1.534M

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No. Vol. Price($)
35 59863 $1.90
 

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Price($) Vol. No.
$1.90 25802 14
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Last trade - 12.51pm 10/07/2025 (20 minute delay) ?
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