Ann: MIN: MinRes Norwest Energy Offer - Best and Final, page-128

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MrKeb

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06/03/23

17:34

Post #: 66630441
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Originally posted by phx: ↑

Makes a lot of sense as MIN would probably have talked to major NWE holders before starting a takeover.
They would have wanted firm commitment's.
The best explanation I have heard so far.As you were a director of a listed company you should know ASIC will not investigate anything, especially for a 6c company, unless you give them solid proof of something first.
MIN have lawyers checking everything they have done - before they do it.
ASIC will be extremely reluctant to spend time and $$ without proof.
They are not going to come along and spend time on a fishing expedition because of something, a maybe, I feel or we just don't like what has happened.

So why does MIN have a responsibility to NWE?
MIN have a responsibility to their shareholders, not the NWE shareholders.
Prelim drill results and a lot of other info on the tenements may be market sensitive to NWE.
That does not make it market sensitive to MIN - especially when you are talking only preliminary results.

Yes, i'm pissed with what has happened but all this talk of ASIC does not help.
It just gives people a false reason to complain.
Time to move on.

Expand

Hey fix - nothing trivial about these complaints. More an opportunity for ASIC to justify their existence. Big boys are playing dirty and the masses are calling them to book.

NWE Price at posting: 6.8¢ Sentiment: Hold Disclosure: Held
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Ann: MIN: MinRes Norwest Energy Offer - Best and Final, page-128

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