So it works out to be a 35% dilution hit? Then you have to add back the value of Spartan's assets. 2.3 million ounces at reasonable to very good grades. Another 800K probable.
Obviously their market cap was a bit frothy, on account of the very successful run they have had in finding reserves. I don't think the insitu value of the reserves would have justified the deal, but the synergies probably do.
So it works out to be a 35% dilution hit? Then you have to add...
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Last
$2.51 |
Change
-0.430(14.6%) |
Mkt cap ! $2.908B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.79 | $2.49 | $44.80M | 17.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 77231 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 10639 | 1 |
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| Last trade - 16.10pm 23/04/2025 (20 minute delay) ? |
| RMS (ASX) Chart |