Noticing the Van Eck selling down of NST, thought I better look at why. The rise in SBM, MLX and EVN makes me think Van Eck may be buying these. Had a quick squizzie again at EVN in today's preso. Will look further on w/e.
Am I wrong? With 300m new shares for La M coming on that will give EVN just over 1b shares, making a M/C of $1.1b+. About the same as NST. Combined production roughly same as NST (530-600 v 550-600). AISC about the same ($1030 v 1050).
Of course I'll need to check reserves/ resources, but reserves seem similar as do hedging.
But here's the clincher, EVN will have debt of about $200m (post merger) whilst NST has cash of over $110m.
Info and any mistakes before w/e research welcome.
kg
NST v EVN
Add NST (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.29 |
Change
0.270(2.07%) |
Mkt cap ! $15.27B | |||
| Open | High | Low | Value | Volume |
| $13.31 | $13.48 | $13.05 | $60.90M | 4.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32281 | $13.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.30 | 18601 | 4 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |