NST own 25% of the Central Tanami project, and it will be increased to 60% upon bringing the mine into production.
Last week, TAM who own the remainder of the project, reached a settlement with MLX who believed they had pre binding agreement in place for the Central Tanami Project.
Now that settlement has been reached, does anyone feel that NST will make a play to buy out TAM, in order to acquire 100% ownership of the project?
TAM's SP is currently 8.5c, and I would estimate that in the current climate, they would potentially need to offer somewhere up to 20c, which would cost them about $200 Million.
Does anyone feel that this is a possibility of happening, or is NST likely just to be happy with 60%
Central Tanami Project
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Last
$15.90 |
Change
-0.230(1.43%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $16.23 | $16.23 | $15.89 | $28.19M | 1.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 9551 | $15.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.90 | 1600 | 10 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| NST (ASX) Chart |
