NST’s proposed takeover of De Grey Mining (DEG AU, BUY) is proceeding in line with the previous schedule. The first court hearing has now been completed, allowing for a formal date of 16 April 2025 to be set for the scheme meeting. Importantly the Independent Experts Report declared NST’s all share offer for DEG fair and reasonable. The development timeline for Hemi has been slowed to reflect approval delays and we have pushed out our development timeline by six months to reflect this guidance. The completion of the DEG takeover presents a key catalyst for NST and we reiterate our BUY rating, trimming our price target 2% to A$23.60.
To access the full report please log in under the Research Portal at the bottom of this page.
Argonaut’s Research Portal allows you to access Argonaut’s wealth of Research, as well as view the Morning Note, an overview of the Companies covered and the Team.
If you would like to access our research please contact us to create an account.
