What a strange way to think. Even ardent NWE holders will buy as cheaply as possible and keep the SP down but they buy because they see future increased value. And we also know the ASX market is not an even playing field. How easily it is to manipulate the SP if you hold the money, the power, to do so - and this has happened - as it does in all highly wanted stocks. Hypothetically, what if GR had offered .08c or .10c per Share, you would then be saying that .08c or .10c is a very decent offer. The Offer is fluid and just because CE offers .06c/share does not make his determination of the value right. CE isn't going to make his best Offer first and Morning Star says NWE is undervalued.
Just my thoughts.
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