I expect this deal will turn out to be a massive winner for NST, which will be reflected in the future share price of NST with a rebound in the gold price and as NST progressively provides bullish news about Plutonic, turning this acquisition into a huge success story just like NST did with Paulsens imo.
It is very important to note on p9/15 of today's ASX "PLUTONIC ACQUISITION PRESENTATION" the experience that NST's Executive and Senior Management team have had in the past with Plutonic and Barrick's other Australian operations.
Eg: Bill Beament oversaw underground mining at Plutonic, Stuart Tonkin was Project Manager at Plutonic and Bernie Sostak was Chief Geologist at Plutonic for 8 years etc. etc.
This gives me additional confidence that this purchase will turn out to be a massive, value adding winner for NST share holders.
NST Price at posting:
72.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)