The more I think about it the more obvious it seems.
Shares that get issued end up going directly into the hands of a related party or purchased in a buy back (which based on gold holdings the company can sustain for an seemingly indefinite period of time). I am also making the assumption that the directors already control 50-70% of shares registry (getting the required votes at agm will not be an issue).
The grand plan must be to cross the 90% acquisition threshold and privatise the company?
Definite value trap but definite value at the same time!
I think shares are worth double what they are trading at now but the only way I would see myself realise that value is for NST to make a bid.
(all speculation on my part)
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Last
$4.77 |
Change
0.000(0.00%) |
Mkt cap ! $250.2M |
Open | High | Low | Value | Volume |
$4.77 | $4.77 | $4.77 | $11.32K | 2.374K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $4.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.85 | 1750 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 4.660 |
1 | 5000 | 4.620 |
1 | 10000 | 4.520 |
3 | 1748 | 4.500 |
1 | 5000 | 4.460 |
Price($) | Vol. | No. |
---|---|---|
4.850 | 1750 | 1 |
4.900 | 1000 | 1 |
4.930 | 2028 | 1 |
4.950 | 1000 | 1 |
5.000 | 12823 | 1 |
Last trade - 10.30am 18/07/2025 (20 minute delay) ? |
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TBR (ASX) Chart |