NWE 0.00% 5.6¢ norwest energy nl

Ann: Change in substantial holding from MIN, page-26

  1. 2,978 Posts.
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    Dont be spooked folks. Like @Investor Guy and others say. They have only had 20% acceptances since the offer was launched.

    Prior to launching any offer...you generally would want to have a certain number in hands that are likely to find your offer acceptable - be they friendly or amenable or whatever. So this offer was not launched "cold" - they would have gauged the register over time and thought theres a certain amount that will side with us...people that will be happy with a 20 or 50% return over six/twelve months...

    In the same way that jerko heard that MIN got to 40% on Friday, maybe some others got wind of mins future move (blind freddy would have told you it was on the cards), or they simply guessed it would only be a matter of time, and progressively set themselves up over the last six months, ready to fold into min for 20 or 40 pieces of silver. So out of the 20% that accepted, how many do you think would fit in these categories?

    min is just doing its job. We can do ours. Sadly, in my opinion, the board did not do its job. My utter disappointment with the board remains. But Im holding on. I sense theres enough resistance to see us through to the end of the 3D and 4 drills.



 
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