response to price query, page-8

In the current M&A environment, the stock price movement has been very suspicious. A lot of discussions took place at Diggers and Dealers in Kalgoorlie last week.

The same price movements happened to IGR before their merger. They fell to 30 cents (or thereabouts), so perhaps that is also the target for SAR, before the trading halt, and then the merger announcement. But with who? Could it be the same people they were talking to last christmas? Those discussions were supposed to be over.

Personally, I would like to see a merger between NST and SAR. From previous discussions with Bill, some of his good mates are the principal mining engineers for SAR. I believe there may be a mutual respect between the companies, and certainly an information flow.

It would be an excellent merger, especially if Bill was appointed MD/CEO. Bill would immediately expand the NST Mining Division, and thereby lower the cash costs at SAR by at least 30 percent, down to $650 or $700 an ounce.

Within a year, the merged company would be producing over 300,000 ounces of Gold at a low cash cost, probably with a stock price of something like $2.50 and rapidly rising, and paying a dividend.

It may be that a number of funds are encouraging a union.

We can dream.

Gw

All that we see, or seem, is but a dream within a dream.
(Edgar Allan Poe)