Right well that's it then.. MIN now have effective control of board from my view, 40% is enough.
Combined with the contract conditions for NWE to pay for the carry over of shares to MIN (approx $2.6M incurred now), the fourth drill is now unfunded. Worst still, MIN can stiffle funds after the next three drills and run NWE into the ground. All they have to do now is sit on NWE until it falls over. Any holders at that point won't get any more than what their getting now IMO.
DYOR
GLTAH
- Forums
- ASX - By Stock
- NWE
- Ann: Change in substantial holding from MIN
Ann: Change in substantial holding from MIN, page-31
-
- There are more pages in this discussion • 185 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online