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Goldbull22

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25/08/19

18:48

Post #: 40141594
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Originally posted by Dragone64 ↑

I still believe that EAR has somewhow be caught by surprise. Therefore I still think that it might very well be connected to drilling results (not yet completey analysed but some thing of visible stuff that came to the ears of NST) OR a surprising bid from a 3rd party (in my view less and less probable because no rumours or so in the media which is rather unusual).

Also the thing with a JV or consolidation....I think very dificult to keep 100% confidentiality here.

So I would be surprsed it it is not NST and the jump in now because they know that in a few month the will not get it for 40 or 50 cents but have to pay a lot more or the dynamics of the market will push the SP through the roof. Imaging a really striking hit near Bronzewing plant. Bumm...the game changer and in 12 months this is 1.

However, the reality will hit us in the coming days.

Besides that I am still very bullish on gold. A break of 1535 would trigger a move to at least 1600 USD. For producers e.g. like NST golden time ahead in my view. Therefore they should not be too greedy but buy the stuff and push into production. NST could get back its investmens in less then a year I guess.

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Gold 2260 and looks like it's going much higher quickly.

EAR completely unhedged, buying this asset gives NST or whoever immediate access to 1.8 million unhedged ounces.

If they execute this and gold ks 3k AUD in 6 months they will look like geniuses

EAR Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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Why Now ?, page-3

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Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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