After 11 years of mining gold in WA by SAR (with no dividends paid) and 10 years of mining gold by NST, the merged companies will have only a pitiful $118 million of net cash on their combined balance sheet. What a complete joke and utter waste of time. Cash cows they have not been. All they have mined successfully are the equity and debt markets and the only reason these companies exist today is to help keep the US bankster's equity/asset bubble inflated. Over a billion dollars of bankster debt and a bunch of ageing assets and BB on his way out. He did a good job for the likes of Blackrock and the banking cartels but is now past his use by date and destined for the scrape heap. Better rush this deal through like all the other rushed deals before the final equity market collapse. Not too far off now.Esh
SAR Price at posting:
$6.04 Sentiment: None Disclosure: Not Held
