I doubt it will make any difference to NST's holding in EAR or it's reasons for taking that interest. NST are showing a very expansionist vision which if anything sits well with me.
The Alaska purchase is not a difficulty for them money wise, the cash input is small given the production it buys, they spend A$172m of their cash and the balance $175m gets thrown at them from big insto's. Good sort of company to sit on our register just under threshold with no negative movement in holding since they joined in Dec 17, I don't think they got involved with EAR without a plan which I suspect is longer than 9 months.
Cheers
Phil.
EAR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
