The more I think about it the more obvious it seems.
Shares that get issued end up going directly into the hands of a related party or purchased in a buy back (which based on gold holdings the company can sustain for an seemingly indefinite period of time). I am also making the assumption that the directors already control 50-70% of shares registry (getting the required votes at agm will not be an issue).
The grand plan must be to cross the 90% acquisition threshold and privatise the company?
Definite value trap but definite value at the same time!
I think shares are worth double what they are trading at now but the only way I would see myself realise that value is for NST to make a bid.
(all speculation on my part)
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Last
$4.78 |
Change
0.060(1.27%) |
Mkt cap ! $250.7M |
Open | High | Low | Value | Volume |
$4.72 | $4.78 | $4.72 | $6.003K | 1.271K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $4.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.90 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 4.770 |
1 | 5000 | 4.620 |
1 | 10000 | 4.520 |
2 | 1528 | 4.500 |
1 | 216 | 4.470 |
Price($) | Vol. | No. |
---|---|---|
4.900 | 1000 | 1 |
4.930 | 2028 | 1 |
4.950 | 1000 | 1 |
5.000 | 14593 | 2 |
5.050 | 1836 | 1 |
Last trade - 14.40pm 16/07/2025 (20 minute delay) ? |
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WEST COAST SILVER LIMITED
Bruce Garlick, Executive Chairman
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