SPH 0.00% $3.10 sphere minerals limited

euroz analysis (buy, price target: $4.00), page-7

  1. 353 Posts.
    Matt I hope you're right on about the $4. All I'm saying is in my mind a rival bid needs to happen before the 5th of October otherwise several shareholders (like me) may decide to cash out on market rather than risk holding out for a "blue sky" offer that may never eventuate (or be another year or two off). The Directors wouldn't have agreed to the offering unless they thought it was the best deal going around (at the time). All very well to say it is worth $4 but without an investor with deep pockets to develop the project, the ore stays where it is - worthless to everyone. Next week will be pivotal for many folks......Good luck to all holders.
 
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