NWE (ASX) Ann: MIN: Extension of Norwest Energy Off-Market Takeover Bid

Originally posted by alexei ii: ↑

the acceptance facility sounds like it has the potential to be a smoke and mirrors job.

I believe they will use it to trick you into believing they have 80% or more. People could borrow stock from someone and give a yes which they could report as the acceptance facility is not binding.

Then they can say "oh we now have a bunch of people who will accept the offer if we get to 80%" , and "by the way, the amount of people that have indicated they would accept the offer now amounts to 83%" "so to the rest of you, feel free to accept the offer because we know it will get over the 80% threshold".
OR we have indications from over 90% that they will accept the offer, so we will move to compulsory acquisition...and thus intimidate you into selling/folding.

I speculate the main reason they're not announcing any drilling info is to help with the intimidation. Also the main reason theyre putting 30 days on to the extension is to keep us in suspense for as long as they can. They can tell by the chatter on here that anxiety may be building and people need a "trigger" to fold...

REMEMBER what ive been saying all along...the 80% number is CRITICAL for MIN. All those shills and mates they stacked onto the register will be bleeding cash to the tax man if they don't get the 80%. So, if we want to stick it to MIN. Stick it to them where it hurts. And make them look like cheapskate hustlers.

I don't know whether to believe anything the acceptance facility says. These are the same guys that said too much risk at Lockyer while they spouted the field will give us 250 TJ/day gas plant from day 1 with ability to expand. The crocodile on our right is the current NWE director calling the shots. He's the one who is not providing updates and keeping us in the dark. He's also the one that said we did not even drill the most prospective hole.

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Man I love this video, CE's open aghast mouth as the beans are spilled all over the floor and into the aisles. Honestly it's what I come back to every time. There is so much O&G and they already know it!
hold tight everyone