(ASX:NWE) Among WA Billionaires at foot of world-class gas play, page-496

Second thought for the day... and may be related to the above.

On the Change in Substantial holding form, I thought it was required to provide the consideration for any share movements. As such, 1 MIN share for 1300 NWE shares (or as stated as per the Takeover document).

If they or their agent (and that would include any entity acting on their behalf or having a special arrangement with MIN to obtain shares on their behalf) was buying at a reduced price with the intent to dispose of those shares to MIN (maybe as per the offer) this might also constitute a breach as it is not showing the true source of the transfer of the shares (on market at a reduced price) and possibly invalidate the takeover.

I believe this is also addressed in the Act. Hopefully there is someone with a legal contact who could confirm these lines of thought.

Proving it might be a little bit more of a mess but if discovered by ASIC then a total breach. We still might win here