NST 1.76% $17.30 northern star resources ltd

Nice move, page-3

  1. 6,872 Posts.
    lightbulb Created with Sketch. 16
    Why bother when they could likely scoop the lot up under 10c a share anyway? this is small beer for NST IMO.
    I would speculate they're likely keeping others guessing and accumulating whilst not giving anything much away other than they have a interest in the area.. at some point I would expect we'll see them show their hand - question is when? is it them waiting out TAM or others in the area? TAM will have $28mil cash + 500,000 NST shares - they can wait years themselves as long as their main shareholder APAC is happy to do so (something like 38% of the stock).

    If NST wanted more dirt why would they be in a hurry to drill in the sweet spots or tell the market of the plans? I guess how long is a piece of string...
 
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$17.30
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3 377 $17.31
 

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Price($) Vol. No.
$17.32 1852 17
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