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clock Created with Sketch. 02/03/23
19:23
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Originally posted by SGTM73:
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It's interesting to see the significant difference between the price of MIN and NWE x 1300. As at close of play today MIN were $90.03 / 1300 = 6.925c, while NWE closed at 6.4c. Significant because from around about Monday this week, these two numbers drifted apart - my assumption was that the we had decoupled from the MIN SP. But it's almost like MIN are trying to make the lowball offer more enticing. Drag NWE down and push MIN up and the illusion is that its a much better deal to accept the offer. I think they want us to accept the offer and not sell on market, if we are going to cash in? Pure speculation on my behalf, but if I was trying to sell a lemon of a deal, I would try and create the illusion, that the offer is so much better than selling on market. Have I said that I think I'm a cynic before and don't believe in coincidences?
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IMHO it will return in lock step with MIN tomorrow as the traders resume what they were doing. I think it was a little bit like picking up pennies in front of a bulldozer for the last few days so not worth the effort. So saying, someone cleaned up everything up to 6.4 at the end of trade today, a big bargain if the MIN SP holds.
