Ann: MIN: MinRes Norwest Energy Offer - Best and Final, page-121

Makes a lot of sense as MIN would probably have talked to major NWE holders before starting a takeover.
They would have wanted firm commitment's.
The best explanation I have heard so far.

As you were a director of a listed company you should know ASIC will not investigate anything, especially for a 6c company, unless you give them solid proof of something first.
MIN have lawyers checking everything they have done - before they do it.
ASIC will be extremely reluctant to spend time and $$ without proof.
They are not going to come along and spend time on a fishing expedition because of something, a maybe, I feel or we just don't like what has happened.

So why does MIN have a responsibility to NWE?
MIN have a responsibility to their shareholders, not the NWE shareholders.
Prelim drill results and a lot of other info on the tenements may be market sensitive to NWE.
That does not make it market sensitive to MIN - especially when you are talking only preliminary results.

Yes, i'm pissed with what has happened but all this talk of ASIC does not help.
It just gives people a false reason to complain.
Time to move on.