HMX hammer metals limited
Add to My Watchlist 5.88% ! 3.2¢

I thought today's announcement about the NST/SAR merger is BIG...

  1. Seenitallnow
    690 Posts.
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    06/10/20
    12:20
    Post #: 47879825
    I thought today's announcement about the NST/SAR merger is BIG for many explorers and developers who have attractive tenements close to their current plants and facilities.

    The combined entity will have even more balance sheet strength to acquire accretive opportunities and they are clearly on a path to create one of the largest and most profitable gold mining companies in the world.

    Quote from presentation: "Strengthened platform to capitalise on accretive M&A opportunities"

    NST's current Yandal regional reserves includes Bronzewing tenements and they are have significant excess production capacity with 3 plants(5.5mtpa) within 50-150km of our North Orelia holdings. IMO they will be watching our upcoming Target 1 drill results with keen interest.

    Watch out if Bronzewing South or Kens Bore turns up some nice hits!

    IMO DYOR GLTAH
    HMX Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 6  Great analysis
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3.2¢ 		Change
-0.002(5.88%) 		Mkt cap ! $28.40M
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Last trade - 16.10pm 05/09/2025 (20 minute delay) ?
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