Ann: Company Secretary Resignation, page-24

You might just be right at 0.20 T/O or $100M.

Maybe like Pogo, they go halves. $50M cash and $50M scrip. NST SP close to all time high, so the dilution to them will be minimal.

EAR has been trading around 0.125-0.14 since late August. If the trend persists till end of the month, the 45-day VWAP will be around 0.125. Give it till mid Nov and the offer might come at 60% premium to the VWAP. Gold price on the up, so hopefully they act fast.

Purely speculation only!