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Multi Million Ounce Deposit in Kalgoorlie, page-8

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CashedUpBogun

5,669 Posts.

96

11/01/19

16:15

Post #: 37093890
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Originally posted by Gwaihir: ↑

NST could easily buy EAR now for 28 cents if they wanted.

They own over 22% and have a director on the board.

But they won't, not at the moment, and why should they, NST want EAR shareholders to pay for and refurbish the plant to the tune of $50 million (or thereabouts), and since the stock price probably won't get much higher than 20 cents during this time (because EAR have not proven to be great explorers for additional ounces), it's more profitable for NST to just wait and have EAR foot the bill. Why pay for it when you don't have to, and especially when you can have one of your own blokes on the board making sure the refurbishment is done right. This is a gift to NST, either way. They are smart operators.

Gw

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Finally. Someone who gets the plan. Bravo, Sir! Bravo.

EAR Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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