Lockyer Deep - From the horse's mouth OR What the JV partner really thinks about Lockyer Gas, page-322

Hi@Lithos,

I don't mind admitting that I am quite confused.
Your paragraph-

* I expect MIN to close the current offer (currently mid March) before Lockyer Deep #2 reaches target depth. If the well is an out and out success, he can then make a new offer of say 12-15c to the remaining shareholders and get full ownership before a three well programme in 2H 2023. In this case he does not have to make-whole the, say, 70-80% that had already accepted the initial offer, so it is not a lot of money to MIN in the scheme of things.

It sounds as if you are assuming that the matter which I have bolded in your paragraph, would ensure that the many remaining NWE holders, would accept this increased offer.

Why would they??

This is still possibly a pittance, compared to the true potential.
If many NWE holders keep adding to their position in the next week or so, does this not mean that our % of ownership increases. Therefore weakening MINS position?

Many are not interested in owning MIN shares.
Please can you, or someone else put me right here.