The Hermes deal was always planned to be an Ore source for plutonic....and NST are really ramping things up to get it into production in the next few months, and only then will we see a large scale exploration on the Bryah Basin JV ground which we have a 20% interest.
I can think of only a few reasons NST also separately chose to take a big holding. For starters it was cheap, secondly they gave management a huge endorsement, and thirdly as an investment vehicle.
I took up my investment only four pips more than what NST paid, so really wrapped and wait for news.
Ann: Change in substantial holding-ALY.AX, page-81
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