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)
TBR Price at posting:
$4.15 Sentiment: None Disclosure: Not Held
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