I’m a non-holder but have followed the NWE story over the past week.
Can someone explain why most holders don’t feel that a 400M valuation of NWE is around the mark? Given NWE only own 20% of the resource, at 400M it values LD-1 at 2B, after only one well and no booked resource (unless I just couldn’t find this, apologies if that is the case).
Ann: MIN: Off-Market Takeover Bid for Norwest Energy, page-185
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