2023 drilling in EP368/426 starts in less than 30 days, NWE have A$20m in the bank, so why on earth would retail accept the offer now, especially as: (1) a better offer ex MIN is likely to come circa 6 Feb; (2) if the MIN take over fails, then their is no capital gains relief for those who accepted the script deal; (3) compared to WGO, the MIN offer does not seem to adequately recognise the upside of the drilling campaign; & (4) by proportion, the run-away capital gain will be made when NWE shares trade above 10 cents, as price will increase at at a rate of 0.5c per line.
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