SPR spartan resources limited

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sabine "to leave his mates"....does anyone know how deep SL's...

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twouptom

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05/07/24

14:34

Post #: 74626966
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Originally posted by sabine: ↑

Is that the kind of person Simon is? (To leave mates jobless?)
That $80m April cap raise was launched “to accelerate exploration and development of the Dalgaranga gold project“.
According to @chairs two days ago [ref] Euroz has upped its’ price target to $1.20 per share..
and back when RMS started buying it posted the interest came as no surprise slthough yesterday (after it opened a new debt facility?), Euroz seems to have accepted the takeover idea with the only questions being when and what price?

.. “…RMS have A$352.5m in cash and gold on hand, post the strategic investment in Spartan (A$180.4m).
RMS announced they have entered into a new revolving debt facility of A$175m with ANZ, CBA, NAB Natixis and Westpac for a 4-year term with the option to extend further by a year.
The obvious overhang for RMS whilst generating records amounts of cash, is what and when are they going to bid for SPR (scrip +/- cash) ?
They have shown their hand buying a 17.94% stake, and have bought stock up to 92cps.
- Research Analyst Michael Scantlebury

I understand that amalgamation is the name of the game in the last few years, and it seems all the experts around here, including Euroz, are reckoning foregone conclusion (eh tu @Joelstar ? ) but why can’t it just sit there and share the largesse ?

… And if it does have to happen what kind of scrip deal would be acceptable?

…and where do you think Simon’s ambitions might take him beyond Spartan please Joel?

thanks

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sabine
"to leave his mates"....does anyone know how deep SL's ambitions are that

he could back a lowly T/O bid so as to leave quickly and fill his ambition back at NST

or whatever other plan he thinks is GOOD enough to fill his future ???????

Like most on here .....I dont know him?

SPR Price at posting: 93.5¢ Sentiment: Buy Disclosure: Held
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sabine "to leave his mates"....does anyone know how deep SL's...

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