From Kristie Batten interview with Simon in US last month:
… “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’.”
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(20min delay)