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Gascoyne Resources Limited ( (AU:SPR) ) just unveiled an update.
Ramelius Resources Limited has announced a significant development involving Spartan Resources Limited, with the Supreme Court of Western Australia approving a scheme of arrangement. This scheme allows eligible Spartan shareholders to receive both cash and new Ramelius shares, marking a strategic move for Ramelius as the new shares begin trading on a deferred settlement basis. The implementation of this scheme is expected to enhance Ramelius’s market position and provide value to Spartan shareholders, with the new shares set to trade on a normal settlement basis from 1 August 2025.
The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Gascoyne Resources Limited stock, see the AU:SPR Stock Forecast page.
More about Gascoyne Resources Limited
Average Trading Volume: 6,134,629
Technical Sentiment Signal: Buy
Current Market Cap: A$2.74B
For a thorough assessment of SPR stock, go to TipRanks’ Stock Analysis page.