Bullboard - Stock Discussion Forum Sparton Resources Inc V.SRI

Alternate Symbol(s): SPNRF

Energy

Sparton Resources Inc. is a Canada-based mineral exploration company. The Company is focused on exploring gold projects near producing mines on or near the major gold producing trends in northeastern Ontario and northern Quebec, where it holds interests in three exploration prospects. The Bruell Property, which hosts a new gold discovery. The Oakes and Pense Properties, near Matachewan and... see more

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Sparton Resources Inc > Suggestion to ELD management on Sparton Resources takeover

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Post by mingzhu on May 03, 2024 10:28am

Suggestion to ELD management on Sparton Resources takeover

ELD is considering to take additional 25% of Bruell Gold for $4.3m including royalties. My suggestion is that ELD should take advantage of rapid rise of it's own share price to take the whole company over, say 1/10 share of ELD equal to 1 of Sparton. Then ELD gets 3 properties, one cash flow positive rig( revenue 1m), 10% of VRB Energy. ELD can sell the 10% of VRB for likely $15m(BCPG PLC (“BCPG”) – a Thailand-based.

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