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0.75%

33.3¢ echo resources limited

Yeah 51% looks a certainty. It'll come down to how soon NST want...

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PaleoBro

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01/05/18

15:29

Post #: 32803723
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Originally posted by Sharetrader78 ↑

NST will most likely go for a controlling stake (51%) pre EAR going into production IMHO

Very simple they offer EAR S/H on the market a set price if they don't get a minimum 50.1% accepted the offer doesn't go ahead and they stay at 19.19%

Yes NST will be liking the weak SP and because of that can bind their time till more results come about get a better picture of EAR developing assets... they may well have a max price they have in mind say 40c-50c .. so gives them plenty of time...SP drops even better for them

Now if we could only see a major market reaction via brilliant drill results along with spiking Gold AUD then we might just push NST hand to move much sooner before the SP blows past 40c-50c or they could end up as a major investor in EAR......with S/H demand a much higher offer going forward >>

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Yeah 51% looks a certainty. It'll come down to how soon NST want to feed BZW the Jundee ore. Given where AUD POG sits, I don't think the move will be too far away.

EAR Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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