I picked up more today at 24.5 cents, and if it goes lower (like the gold price might do in the short term) then I will continue buying.
EAR will not fail. One million ounces at approx 2 g/t, is why NST bought 20 percent.
If you follow Billy and NST, then you know the best gold team on the ASX have done their due diligence, and any potential problems that they may have identified, they discounted as easily solved and within their abilities.
The only downside is if EAR and NST agree to an all scrip takeover, which might effectively mean that by buying EAR at these prices you are buying NST at over $6, not something that would appear to EAR shareholders at current. Which means you won't lose, but you won't make much, that is, it's not going to be a double or triple bagger. Oh well, so be it.
NST will eventually take EAR out, it's just a matter of when and at what price. If it's an all scrip deal, then you may as well be buying NST now, so I hope not, but who knows.
Gw
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