NWE 0.00% 5.6¢ norwest energy nl

Ann: Change in substantial holding from MIN, page-122

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  1. 4,528 Posts.
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    @greenleaf @V10 @alexei ii @tui and other large holders

    Is there any chance you guys could reach out to Iain and encourage that future comms to the asx are fleshed out, and not just bare minimum?

    Why can't NWE confirm details regarding expenditure for the current drill program and seismic? What are we paid up for? When is the next cash jv cash call? Once the offer closes, what is required to be paid to the adviser, and how much do we have in the kitty? Etc etc

    To not confirm any of this in the next announcement would be keeping current holders and the wider market in the dark. We are in exceptional circumstances here.

    The board have decided to make their recommendation to accept probably knowing that a 2nd party wouldn't come forward. They may be salty that there wasn't an 80% take up for cgt rollover relief, but that doesn't concern the wider market. Give us some facts. Give us some hope for hanging on.

    Remind them that they can still be judged on what they release to the asx from here on out. They are being paid for a job to do, and shareholders to represent....
 
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