Either that, or NST doesn't want the SP to go up so they can buyout? Who knows. I've done some more thinking, and just can't justify buying EAR at anything > $0.10 per share. In the event gold falls due to excessive exuberance and flight to USD, there isn't much of a margin of safety - at $0.10 there is.
I remember posting coming back to EAR at $0.10 and getting lots of hate for it, because all the EAR bulls were saying it'll go to $0.40 by May. Guess it may go to $0.10 after all. Calcs below on varying gold prices and varying AISC:
Is this the ASX's cheapest gold developer?, page-164
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