EAR is about as ripe for some corporate action as I have ever seen.
Of course, T/O discussion is probably the most posted topic, ha.
While I can understand that of the 800k+ reserves, only about 55% are really profitable right now, the simply fact is, that the plant is ready to do, the dirt is good (NST want it), and it could be in production in just 6 months. If that is not a bolt on acquisition then I don't know what is.
I am still really surprised why the likes of SAR is not making a move, or even the smaller end like SLR... The big piles of cash are doing nothing!
The company could likely be bought for less than $100m right now, with a decent script offer.
Well done to those able to make an entry at these prices. A headless chook is still worth something....
(bad analogy?)
EAR Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
