Cheers ellimb. I didn't know about Spartan until this...

Cheers ellimb. I didn't know about Spartan until this announcement caught my attention 14/12/23...

Dalgaranga Gold Project – Mineral Resource Estimate Update
NEVER NEVER HITS 952,900oz @ 5.74g/t
DALGARANGA MOVES TO 1.7Moz @ 2.49g/t
43% increase in Dalgaranga Project Resource ounces, 13% uplift in
grade and 27% more tonnes – all within 2km of the plant

Note that this MRE announcement occurred After the announcement of the last placement. I'm happy that I bought gradually, and managed to average down. It's worth noting that SP has now declined to the buy price of the last share placement. This level may offer further support.

reference this announcement 17/11/23...

"Spartan Resources Limited (“Spartan” or “Company”) (ASX: SPR) is pleased to advise that it has
received firm commitments to raise A$25 million (before costs) through a placement to institutional
investors (“Placement”).
The Placement comprises the issue of approximately 62.5 million new Spartan shares (“New Shares”)
(representing approximately 7% of Spartan’s existing shares on issue) and was conducted at an offer price of A$0.40 per share, representing a premium of approximately 3% to the last closing price of A$0.39
per share prior to the Placement. Spartan Managing Director and Chief Executive Officer, Simon Lawson, said:
“We are very pleased with the level of support shown by well-credentialed resource investors for the
Placement, with the strong demand received, representing a clear endorsement of Spartan’s high-grade
growth strategy.