The most dangerous position in a companies cycle is the transition to miner. Institutions control RMS but RMS and other institutions control SPR. Paying 1.7 billion for a company that has taken nothing out of the ground is not small change.
There are many gold companies around the world with more upside than SPR with more infrastructure.
I came across one the other day that was worth 30 million with historic production of 5 million ounces. This idea RMS is going to throw around 1.7 billion for upside of 3 to 1 is a pipe dream.
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 (20min delay)
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Last
$2.04 |
Change
-0.030(1.45%) |
Mkt cap ! $2.627B | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.11 | $2.04 | $5.471M | 2.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 54118 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 62443 | 35 |
View Market Depth
| Last trade - 14.41pm 23/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |