Ann: Northern Star makes $150M offer for 49% stake in EKJV, page-22

“it has no bearing on the value of the rest of the company”

Yeah right. It has no bearing because NST’s share price is a bubble. The offer values last years production at $658 million and even though I think the offer is woefully inadequate for RND/TBR shareholders it far better reflects the value of NST IMO than the value placed on it by the consortium of US banks that somehow get to control about 60% of NST’s stock and flirt Australian takeover laws under the nose of our inept regulators. Who controls NST??? How is control exercised??? How can 60% of its stock be held through three international bank nominee accounts? There is zero transparency as to who the real owners of NST are and how many shares they actually control, but one shareholder of TBR with a claimed one fiftieth shareholding in TBR has managed to open the door through a non-judicial Australian government panel which has lead to the near complete destruction of both of these companies who pegged the ground at Kundana, did most of the exploration, developed and financed the mine. If this is how B.B. treats the people who built the asset which gave him his leg up, I truely hope he crashes and burns along with his bubble company.

When this is all done and dusted, if it ever gets done and dusted I’m writing up all the circumstances and facts and presenting them to the responsible Federal Minister and I’ll ask for an investigation into this affair and ASIC’s role in it and I’ll keep pressing them and any sympathetic senators until this mater is properly looked into. Esh