Why bother when they could likely scoop the lot up under 10c a share anyway? this is small beer for NST IMO.
I would speculate they're likely keeping others guessing and accumulating whilst not giving anything much away other than they have a interest in the area.. at some point I would expect we'll see them show their hand - question is when? is it them waiting out TAM or others in the area? TAM will have $28mil cash + 500,000 NST shares - they can wait years themselves as long as their main shareholder APAC is happy to do so (something like 38% of the stock).
If NST wanted more dirt why would they be in a hurry to drill in the sweet spots or tell the market of the plans? I guess how long is a piece of string...
Nice move, page-3
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Last
$17.51 |
Change
0.140(0.81%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.55 | $17.28 | $26.79M | 1.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2751 | $17.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 36039 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |
