all the talk about possible takeover etc., is interesting. i do note from this morning's announcement ......
"* As per its ASX Announcement of 9 December 2019, Norwest Energy has approved a Joint Venture Operating Committee resolution put forward by the Operator for drilling of Lockyer Deep-1. Subsequent signing by the Operator of the Joint Venture Operating Committee resolution remains subject to Mineral Resources' Board approval of its 2020 petroleum exploration program. The prospective resources and GCoS quoted within this announcement are based on Norwest Energy's own internal estimates; not those of the Operator"
until more detailed advice from nwe comes out re the mystery buyer, could the above statement have any impact on any outcome of the last couple of days of buying activity and the buyer?
your thoughts or have i misinterpreted things?????
also, i would have thought that a company such as min res would have already formulated their 2020 petroleum exploration program by now!!
NWE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
