I think you are correct Oracleyoda, NST have exceptional management, and they would have done comprehensive analysis on EAR and their ground. I believe the average NST buy in price was about 31 cents some months back, not sure what it is now, so I think they have set themselves a target price, should they wish to ever mount a takeover in the next 6 months. I don't think they will though. I think they'll sit back and watch EAR go into production, and especially pay attention to any new exploration. It's just a guess though. In fact, they could probably gobble up EAR for only 27c or 28c right now - it has to be enticing, if I was NST I'd be licking my lips and making an all scrip offer at 27c and see how it goes, I know it would be cheeky. I'm also assuming the NST and EAR managers probably caught up this week in Kalgoorlie.
I bought some more EAR yesterday during the drop down to a ridiculous 18 cents, what a bargain.
Gw
EAR Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
