Originally posted by Sharetrader78
Yes I wouldn't be surprised Gold sentiment has really moved up a notch lately with MSM now calling for $1500oz US ...that's going see AUD well over $2k.... EAR will be one Cash cow if costs are under control (Oil fuel etc)
And because of this NST now looking to make move pre-production ...
35c offer in FEB and I'll be keen ...
I have been pondering how NST would approach this should then be looking, after reading announcements and looking at both companies (I hold both) I think NST will look towards an EAR supported full T/O. I had assumed this was a year or so way, I rather I now think that due to various circumstances we may see that T/O bid sooner than that. I really don't expect it is going to be hard to give EAR holders a surprise in value, a split cash and script offer could be very attractive. NST own value would need to be breaching all time highs or well above $10 ( I hear such and many see that not too far off. I could see a 15 to 20 EAR for 1 NST (Value about .50c to .60c) cash could be 20 to 30 percent to keep the cash guys happy, maybe VWAP +15 percent or lets say trading 20c - 25c so lets say 27c ish. All up .80c now that would be nice eh, but many would be happy anywhere from 40c so expect a lower first up offer, if it comes. I doubt many that EAR gold buffs would mind holding a big liquid Goldie like NST either.
This is worth a great deal more to NST as a local heavyweight, they know full well a volunteer is worth 20 pressed men in their own backyard, they will make the deal sweet IMHO. I invested here because of the NST buy in and have seen only increased interest from them, sitting now as they are only 27% away from control anyway. I know it sounds odd but I doubt they would mind too much allowing work to continue and happy to work with a VWAP + premium similar to their current average, about 30c - 35c ?
Just a bit of Sat musings.
Cheers
Phil.
