Possible breakout Alert, page-20

I think holders will do exceptionally well owning EAR. I will suggest that at some stage you may well be best advised to keep watch on the SP of NST more closely than EAR. I guesstimate a full value, full take over in the fullness of time, A cash and script offer or even a wholly script offer, obviously the value (VWAP) of NST makes it much easier to keep EAR holders on side, a full takeover also does away with such pesky things as CGT at anything other than most attract rates, anything above 80% acquisition threshold qualifies for the full CGT discount, something attractive to many when the time comes, as I have seen over the years,

Anyway that is my take, I would further expect this would be a most acceptable arrangement for the board of EAR, who I suggest would be awarded fine options in NST and secure employment contracts which are often very attractive, or attractive enough to see a fully board supported acceptance of a T/O.

All guesswork, but that is what we do on markets, only we often call it DD or some such more qualified term.

All IMHO and I am done with my buys.

Cheers
Phil.