Lockyer Deep - From the horse's mouth OR What the JV partner really thinks about Lockyer Gas, page-199

MIN have only picked up just over 6% since this began.
MIN don't stand a chance of getting over 50%.
With approx 50% of holders are retail holders who will most likely hold on to there cheap shares.

	Holding Size	1 - 1,000	1,001 - 5,000	5,001 - 10,000	10,001 - 100,000	100,001+	Total
No. of Shareholders	82	24	62	3,609	3,396	7,173

This is what he is trying to deal with.
Low ball script offers will not succeed.
With new buyers buying too. They aren't in it for pips.
The top 20 won't be too much different to what the last publicly available one was.
NWE holders know what's in the ground and C.E. wants it badly.