NST 1.82% $16.26 northern star resources ltd

ok, now the facts are in lets discuss, page-7

  1. 369 Posts.
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    NST are to underwrite VXR's 1:10 rights issue at 3.6c. Money makes money, they will even get a 1% underwriting fee.
    Although NST is continuing to search for a suitable major acquisition, it still intends to look for further under exploited projects in this demanding sharemarket enviroment.
    I would suspect from past history that BB would have the major and one or more minnows lined up. Having large amounts of cash in times like now is a huge advantage for NST.
 
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