My thoughts as well. NST could do the old OZL trick and bid for 51% here. They know the numbers add up and they have the balance sheet to rip this up and produce gold. The gold price is going to move higher imo and the ongoing drilling might ruin their party if they keep mucking about. They also have a very strong share price and should use it as they did with the other recent deal they did with Westgold.
This is now silly cheap and they would know it but hanging back will turn out to be a mistake imo. They were smart enough to pounce on a stock with a 60c target, so they might be smart enough to pounce while they can. I personally dont want it and i reckon the management would say 'take no action' and let the results flow in.
EAR Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
