Yeah I agree. I wouldn't be surprised if someone like Santos were sniffing around and the lowball takeover was designed to take the focus off negotiations.
Can't for the life of me think of any other reason why MIN would offer such a bad takeover offer.
14/12/2022 TPD / STX - announce Santos GSA
15/12/2022 WA Gas Statement of Opportunities - December 2022
16/12/2022 NWE / MIN Takeover offer.
NWE Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held