Upcoming Spud of Lockyer2, page-32

IMHO, it isn't going to be MIN snapping up shares, they don't have to. The work is being done for them by the trading houses shorting MIN to buy NWE as explained by others in previous posts. Effectively, anyone selling on market now is selling to MIN; I kind of doubt there is a lot of retail buying at this stage, but who knows? If the offer is allowed to expire, this trade will no longer be available to the scalpers, so the NWE sp will no longer be tied to the MIN price by the offer ratio. Again IMHO, the NWE sp will retreat closer to the pre offer price, then vary during drilling like any other exploration drill.
It doesn't look likely MIN will get close to the 75% to take NWE off market, let alone the 80% required for CGT rollover relief. Maybe if they offer 1000:1, equivalent to 7.5c at a MIN sp of $75 they might get some more takers.