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rogerdat

3,746 Posts.

14

10/02/19

13:43

Post #: 37389939
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Originally posted by Goldbull22 ↑

In my opinion a bid wouldn't come until after the BFS is released as with a director on the board the optics wouldn't look good to the regulators.

I expect a move to around the mid 30s before and after the BFS comes out, I would then expect an industry standard 40% increase on VWAP for the initial bid so likely high 40s to low 50s..

All my opinion and pure speculation, the synergies make sense and even at a 250 million dollar spend NST would add circa 10% to annual production and add another asset with 10 years + mine life...

A matter of time in my opinion as it was with EVN and Phoenix gold

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Gday GB,
What’s your estimated T/O price?

EAR Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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