I once asked a knowledgeable poster here who speaks with management, whether these directors were the production types or the asset builders and seller types. Was told they definitely are the all or nothing type directors and will take it into production. Hopefully that’s still the case now, but I believe based on the all or nothing type, they won’t roll over and sell us short to NST for anything under 50c.
Also NST might be content with 16% for now, assist EAR into production and reap the rewards of their investment. Perhaps look at a TO once it’s done the hard yards and ticked all the boxes.
EAR Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held