NST 0.42% $14.24 northern star resources ltd

I'm sorry, but I don't get the parallels between Paulsen's and...

  1. 490 Posts.
    I'm sorry, but I don't get the parallels between Paulsen's and VRX.

    With, Paulsens BB bought 100% of a distressed mine and developed it into a good producer. Big Tick.

    How is taking a non-controlling stake in VRX the same thing? Where is the rest of the money to develop VRX coming from? The VRX price isn't exactly going through the roof on the back of this investment, is it?

    It doesn't necessarily follow that just because BB stumped up some of NST's pork barrel, then others will necessarily follow.

    I also do not get the weak argument that if we are not happy then we just sell.

    What happens in coutries like France, is that when they are not happy with something then they protest until it is fixed.

    We are sending a message to BB to be careful, and also explain what he is up to.

    I would be surprised if the board announced that if we are not happy we should just pipe down and sell our stock!
 
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