The offer document says it is offering
an Attractive value and a premium for our NWE shares -
Looking at last dot point - it is offering (sarcastically) -
an attractive 11% above our 52 weeks VWAP
Note: Nothing materially happened to send our share price to send it back to the .045 cents that they suggest is an attractive 33% premium to NWE share price... this is an over inflated attractive premium off suggesting a 33%premium - BS!
This offer needs to be rejected and I believe we will easily handle minres with a blocking stake:
I have done a rough estimate of shareholdings and a total guess of possible splits regarding loyals and non- loyals in the nominee accounts - loyals and traders in the balance share holdings - we can definitely block this offer and hold onto our 20% share until we prove up our resources.
Only a back of the envelope type sheet, but helps me understand the job Iain has to garner his support for the benefit of all loyal shareholders:
![](https://hotcopper.com.au/attachments/image-png.4929376/?temp_hash=fe56594c9b9f91ccc3d015bf1820b7bc)