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Gascoyne Resources Limited ( (AU:SPR) ) has issued an update.
Ramelius Resources Limited, an Australian mining company, is working on acquiring all issued shares of Spartan Resources Limited that it does not already own. This acquisition is structured as a scheme of arrangement or a conditional off-market takeover offer, with ASIC granting Ramelius an additional 31 days to make the offers, highlighting the complexity and regulatory considerations involved in the transaction.
The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.20 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: 8,692,464
Technical Sentiment Signal: Buy
Current Market Cap: A$2.85B
Find detailed analytics on SPR stock on TipRanks’ Stock Analysis page.