Independent Valuation Requested, page-7

The market does not always race ahead of an offered price, but was is significant is the accumulation of stock at 32.5 and 33 cents. Punters are expecting a higher offer price from NST, but don’t expect a white night with NST holding 22%.

This will play out slowly and as NST creep up to 70 or 80%, depending I think on the gold price staying above $1500 US, they will want to close the deal with a few cents more, say 38 or 40, and that should close out the deal.