I think you mean 200% ... which yes you don't see it often.. but...

I think you mean 200% ... which yes you don't see it often.. but then EAR isn't just any old explorer for one they have Large Gold plant & Camp...DFS and funding options to get it into production

With ASX T/O rules to gain complete control you need to have more than 90% of the shareholders accept the offer
I can't see many of us EAR S/Hs going gaga for 40c can you ?? and NST gaining any more than a token amount on the offer ... what will happen as it always does EAR value will just increase close to the offer amount ... win for us not so good for NST ....

NST will know this and should have moved months ago... now there only hope will be to get more control through funding etc and hope EAR has issues on ramp-up to weakening S/H resolve.

Well that's my take on it at this stage.... EAR's just got to keep to plan and we will have SP over 40c soon enough