EAR 0.75% 33.3¢ echo resources limited

Yes 19% bought at a MC of $150m. That's how high they value the...

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  1. 3,025 Posts.
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    Yes 19% bought at a MC of $150m. That's how high they value the BZW plant. Current price sub $60m now. A cash bid of a 50% premium is only $85mill offer less 19% is only $68mill out of pocket for them. Then sit on the plant until they give the green light to pump the $40mill to get it firing again.

    Alternatively a scrip deal for 20c p/share then only out of pocket $40mill to go mining. Chump change for NST.

    EAR bod's silence surrounding direction could mean they want the T/O done.
 
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