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$1.29 spartan resources limited

I sincerely hope you are right.

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shakeypremis

145 Posts.

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15/11/18

10:39

Post #: 36513637
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Originally posted by Phoenix11: ↑

Whilst everybody is clearly nervous about whats going on and what will be said at the AGM it is important to put things in perspective . We can all rant about Dunbars failures which were many, that doesn't change whats in the ground and the fact that a brand new plant has been built and is going through ramp up. Any bigger company wouldn't have even bothered telling the market about the issues as they are normal ramp up issues but when you are a small company with a small balance sheet it has a big effect. Looking at the numbers in the Doray merger what do you think a corporate would pay for a company that starts jan 1 with 100 000 oz production with costs of !1250-1300 but coming down rapidly as the strip ratio halves and then falls further. You get a brand new plant approx $140m worth of kit, you get 650 000 oz resources you get massive exploration near the mine site, you get a second project for free at Glenburgh and you have a clear 5 year growth path to tell your shareholders.
Don't tell me plenty of corporates aren't doing the numbers as we write. Think Agm next mile stone then quarter end then we have massive V shaped recovery similar to what SBM did a few years ago from 10c back to dollars!!!

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I sincerely hope you are right.

GCY Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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Last $1.29		Change -0.040(3.02%)		Mkt cap ! $1.429B

Open	High	Low	Value	Volume
$1.34	$1.36	$1.28	$6.872M	5.293M

Buyers (Bids)

No.	Vol.	Price($)
3	54579	$1.29

Sellers (Offers)

Price($)	Vol.	No.
$1.29	50000	1

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No.	Vol.	Price($)
3	54579	1.285
8	105693	1.280
3	76161	1.275
5	71161	1.270
3	56161	1.265

Price($)	Vol.	No.
1.290	50000	1
1.305	63668	4
1.310	46161	2
1.315	71161	2
1.325	50000	1

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