NWE 0.00% 5.6¢ norwest energy nl

Ann: MIN: Norwest shareholders' MinRes dividend opportunity, page-35

  1. phx
    510 Posts.
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    MIN have already said they will appoint a new board.
    I just want to be clear on what you are saying.
    So, you are saying that NWE's new BOD, appointed by MIN, will not fund NWE expenditure through a placement, rights issue etc.
    They can't find a few million to fund a drilling etc in the hottest onshore gas field in Australia.
    With MIN having 65-70% of NWE, indirectly that is also their cost.
    Also, you are saying that MIN won't participate as they want to dilute their holding in NWE.
    This after a lengthy, and ongoing, takeover bid.

    Then, you say, they are doing this with the intention that NWE defaults on their obligations so that NWE lose their tenements.
    And MIN are doing this to get the last little bit from the tenements.

    Mate, seriously, whatever you are on you need to stop.
    The only people getting sued in this situation will be MIN.

    LOL
    One of the silliest posts I have read in ages.
 
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