“I’m delighted that so many Norwest shareholders have already accepted our Revised Offer and that we now have majority control of Norwest.
Already? Its than since Dec to get 53%
“I urge Norwest’s remaining shareholders to quickly accept our Revised Offer and benefit not just from our accelerated payment terms but by ensuring they become entitled to MinRes’ interim dividend.
When is the ex div date and how much is the dividend ?
“Accepting our offer is a no-brainer. Those who don’t accept will be left behind in a MinRes-controlled company with none of the upside of being a MinRes shareholder or exposure to our world-class portfolio of diversified assets.
That why a lot have not accepted
“Those who fail to promptly accept our Revised Offer will also miss out on receiving our interim dividend and risk having their own share price and liquidity diminish – but will still have to shoulder the burden of their share of significant Perth Basin exploration and development risk.”
You forgot to mention a drop in share price after ex-div date. You forgot to mention that if 80% is not acquired. Those who accept will have to pay CGT.
NWE Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held