$SPARTAN RESOURCES LIMITED(SPR.AU)$ Spartan has continued to produce excellent drilling results at its Dalaranga gold project in Western Australia. In addition to its cornerstone Never-Never deposit, it has now added the sizeable Pepper prospects right next door (a linked ore body perhaps?). This ongoing success has clearly drawn the attention of established miners in the Murchison region, with Remelius now taking a strategic stake in the company. While it does not seem that a takeover is imminent, it looks like it is now inevitable. This could be an excellent opportunity to pick-up shares for relatively cheap, with a juicy merger premium to be realized in a few months time. Prosperous investing everyone :)
Comments