@meluaI completely agree re: PAC. I am waiting to see the...

First 46 Last

Share
Profile

Follow
vontrader

23,832 Posts.

725

17/01/19

21:21

Post #: 37149403
Share

Originally posted by melua: ↑

If the mandate was to promote the company and put new investors into SP3 they haven't done that so far. A big fail from PAC I would say. Let's see what the quarterly figures are and whether they actually need to raise. I didn't think it was that urgent tbh.
Is it not too much to expect PAC to promote this amongst the PAC network, get SP3 to a reasonable price at circa 40c ($20M valuation) and THEN do a cap raise? Then run the thing to $1 and beyond. $45M market cap is not unreasonable given the growth prospects and current revenues.
PAC wins on the cap raising and on the options package. Shareholders win also and we have the cash to really grow the company more quickly.
I'm actually of the opinion that SP3 management has done a good job in growing the revenues and I expected PAC to do at least something by now on the corporate side of things. That's why SP3 engaged them. I mean seriously if PAC can support a company like TTT, get instos like Bennelong involved and run it to a $350M valuation on next to zero revenues (and very little hope of ever achieving substantial revenues IMO), why the hell can't they find any buying for SP3 on a market cap of $8M? Maybe they're too busy trying to find buyers for FIJ? They IPO'd that on a $14M valuation.

Expand

@meluaI completely agree re: PAC. I am waiting to see the quarterly figures and their response

If SP3 deliver anything like they achieved last quarter, then there should at least be coverage and research released in Q1 as this is on track to being CF+ in the S/T and should be nowhere near IPO price

SP3 Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

There are more pages in this discussion • 25 more messages in this thread...

First 46 Last

Add SP3 (ASX) to my watchlist

(20min delay)
Last 1.7¢		Change -0.001(5.56%)		Mkt cap ! $4.942M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$3.486K	205.0K

Buyers (Bids)

No.	Vol.	Price($)
1	45460	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	649122	4

View Market Depth

No.	Vol.	Price($)
2	260900	0.017
4	1222190	0.016
1	20000	0.013
1	50000	0.010
2	200000	0.005

Price($)	Vol.	No.
0.018	100000	1
0.019	162000	1
0.021	203398	1
0.022	109551	1
0.023	700000	1

Last trade - 12.33pm 27/11/2024 (20 minute delay)

SP3 (ASX) Chart

@meluaI completely agree re: PAC. I am waiting to see the...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

Buyers (Bids)

Sellers (Offers)