hopefull4ever - I've also got NST in the frame as a company who may be interested in RED for reasons I've outlined on HotCopper previously.
I note that in addition to their Thunderbox operation close to RED, NST also have Bronzewing nearby and a bit further north ("a bit further" is a relative term for distance in WA) they've also got Jundee.
While Bronzewing is currently on a C&M basis, the current gold price must make firing it up again a consideration. This'd require a bit of time but a few less dollars than they'd be required to spend to buy RED. Still, the acquisition of RED would provide them with 200,000+ pa ounces of gold production from "Day One".
If another player makes a bid for RED, I'm comfortable that a company the size of NST could easily blow them out of the water with a counter bid if buying RED would suit NST's longer term ambitions in the Leonora precinct.
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42.0¢ |
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Mkt cap ! $2.857B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
83 | 1635149 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 2157140 | 78 |
View Market Depth
No. | Vol. | Price($) |
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78 | 1618686 | 0.415 |
41 | 1812620 | 0.410 |
17 | 762363 | 0.405 |
24 | 1643374 | 0.400 |
14 | 828248 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 2048249 | 78 |
0.425 | 2133785 | 45 |
0.430 | 2194070 | 25 |
0.435 | 984680 | 18 |
0.440 | 804693 | 26 |
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