NST 0.08% $13.00 northern star resources ltd

news is out vrx investment, page-49

  1. 9,111 Posts.
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    "
    1. The company raised at the peak in its share price and has bought a stake in a quality distressed asset at the bottom of the market. They are great at market timing. They have found a cheap means of shoehorning the 20% pre bid stake from a near insolvent company with a quality asset and NST will create enormous synergies by combining their near by assets after ultimately taking control, perhaps leveraging the feasibility study while quarantining NST, as a low leverage pure gold play."

    Im confused by this move, if the above is correct then NST should have taken out VRX for cash and script, this placement is neither here nor there for a company the size of NST starting a diversification strategy.
 
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