Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe, page-159

Meanwhile back at the MIN ranch the AFR reports that
Mineral Resources shares soaring to an all-time high on the back of huge demand for lithium stocks have re-ignited prospects of the $18.3 billion miner spinning out its lithium assets in the US.
I'm only guessing but that would see the MIN SP retreat a fair bit and so the inferred value of the share swap is less than 7.4 cents
Why won't MIN simply make a cash bid and then everyone knows how much $$$ they will receive and can then if they wish buy MIN shares on market or otherwise waste it