Northern Star today lost out to SAR in their bid too acquire 50% of the Kalgoorlie Super PIT from Barrick. I think this is a positive outcome for TAM shareholders as NST will now potentially focus on their prime Tanami exploration / development area which they have acknowledged has "high discovery potential" and "large resource upside". NST have a strict investment discipline and I think they may believe that developing Tanami could potentially add significant reserves at a fraction of the $750 million price paid by SAR.
As usual, after this announcement, all we see is the usual price suppression to negate any buying interest.
DYOR
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Northern Star today lost out to SAR in their bid too acquire 50%...
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.77M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.3¢ | $27 | 810 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 522442 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 236031 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 522442 | 0.032 |
5 | 1612741 | 0.031 |
2 | 348000 | 0.030 |
3 | 375000 | 0.029 |
3 | 350000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 236031 | 1 |
0.036 | 250000 | 1 |
0.037 | 108551 | 2 |
0.038 | 200000 | 1 |
0.039 | 80000 | 1 |
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