placement facility, page-4

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)