Australia's largest stock trading and investment forum Australia's #1 stock forum

NWE

0.00%

5.6¢ norwest energy nl

Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe, page-110

First 110 Last

Share
Profile

Follow
1982

4,486 Posts.

267

24/01/23

21:28

Post #: 65862375
Share

Originally posted by Mikey74: ↑

All below is my opinion only, no advise provided
Now I've calmed down after the my swearing tirade after reading the announcement.
We're likely gonna see SP open tomorrow at what it's valued at with this offer, 7.4 - nice.
If MIN continue to steamroll their way to $100 and above, it should continue to drag NWE up more. I do understand that Lithium is priced high, and therefore MIN are riding that wave, but what goes up, must come down, and also MIN's PE ratio is bursting far too high, a correction of their SP will come at some stage.
The hypocrisy of saying we have potentially the largest gas find onshore Aus, buying 19.9% of WGO at .39 and then saying the PB is overpriced, then amending to offer from 1367 to 1300.
Something smells very fishy, and as the saying goes if it looks like a ducks and quacks like a duck.
What I would like to see if NWE BOD are serious this is a good offer, arrange a webinar and go over the EP's and explain how this slight change is radically different and not "opportunistically timed" and values the company at a point to accept MIN's offer.
I will not accept a MIN scrip deal at this ratio, and recommend others to research what these permits are really worth, and I can tell u it's more than the equivalent 7.4 cents

Expand

So we fund our share of the 3D seismic and the 4 well drill program, and hand over our share of the potential spoils to MIN for a song?

Exploration and drilling wells is deep in NWE's DNA. The board are taking the exploration risk that we all signed up for away from us! I've bought my ticket and want to choose when I get off. I'm not ready to get off and will be voting No.

The board must be tired. I cant think of one good reason in shareholders interests to recommend this offer.

If I buy more on market from tomorrow, can I vote these shares accordingly?

NWE Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
24 Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Largest drill campaign to begin: Saturn Metals at Diggers & Dealers

Astute sniffs 1,260 ppm lithium and thick mineralisation in Nevada

From the Floor with Kim Beazley at Diggers and Dealers 2024

Revolutionary inverter technology leads the clean energy charge