I have 2 significant shareholdings & friends & family have another 7 holdings. All are not selling & will hold until after the results of the drilling & 3D are known. I will participate in any capital raising, especially if it is for the plant to produce the gas / oil. Having been a director of many private companies & of an NZX / ASX listed company I understand the directors fiduciary duty to shareholders. I remind our directors that even though they have sold all their shareholdings in NWE they still have a duty to look after the remaining shareholders interests. As for the directors of MIN are concerned, in my opinion, they need to be especially careful as they have information as to the quality of our assets that we, the ordinary, retail shareholders don’t have. Again, in my opinion, I believe the ASX & the ASIC should look into the information that MIN have from the preliminary results of the 3D to see if this early information should have been reported to the market when initially available. The other aspect to be investigated, in my opinion, is whether or not the delay to the commencement of drilling is due to MIN delaying the start to assist their takeover ambitions.
NWE Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
