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32.5¢ echo resources limited

Ann: NST: Northern Star Declares Echo Offer Last and Final, page-70

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AntiFiat

50 Posts.

13

23/10/19

16:09

Post #: 41034322
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Originally posted by BobbyKennedy: ↑

The 10% is irrelevant. The Bronzewing mine and ground will require a huge amount of capital and NST may elect to fund with 100% equity (as is their right). If so, they’ll raise many tens of millions of dollars and dilute the remaining 10% down below the threshold to privatise. It’s a matter of when; not if.

So to give you a timeframe is unrealistic. They may crash the SP when the offer is withdrawn and keep it low to slowly kill off some small SH. Then they’ll do a massive CR. So is that 12mths, 24mths? Who knows. All I know is that your 500k shares will be worth less than $50k when you eventually dispose of them. That I will take a bet on.

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@BobbyKennedy
Ajay Datt appears to agree with your assessment.
75% seems to be the threshold.

EAR Price at posting: 33.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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