Still Holding! - Whats next, page-52

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barneydigs

6,523 Posts.

2020

13/04/23

23:53

Post #: 67266589
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Originally posted by tui: ↑

Hi everyone,
It has been a big day.
I was really pissed that LD2 did not come in. Then I started asking questions and got advice from very learned friends. One of them said " Get your skates on and sell and protect your retirement."

So today I rang MIN and they are sending me a form to me to convert 18m NWE shares to MIN. They said I would receive the email today but I could not complete it until tomorrow....Then I looked at the market opening this morning. It looked like a poor start at 5.6 so I put 16.5 million up for sale at 5.9 which got met by mid afternoon. Additional volume was significant which led me to believe ( think ) that maybe NED-1 might be the monster they had suggested earlier. NWE finished the day pretty strongly.

And then I get a call from Aussie from a learned poster to say that there were quite a few MIN executives buying NWE. Well this is better than the rumour thread which actually has Andrew Greggs and mir911 correct in what they forecast from 'local' information a few days before the official result..i.e. a dud.

So I sat done and weighed it up. I have been down $600,000 on NWE ( can you even imagine that!!?? ) and now I have made $2 million provided I sell out now at 5.8 ish . So I pushed the sell button continuosly all day and got rid of 16.5 million shares at about 5.95 cents. I have kept 1.5 million to see how NED1 goes.
I will not be completing the MIN acceptance form

I was impressed to see that greenleaf kept a few. There is still strong interest in NWE and you can bet that I wish all existing holders the very, very BEST.
BEST
tui

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Congrats on a great trade. Crappy way for it to end but could have been much worse. Looking back on the Xanadu days, the fact that the company survived those ups and incredible Downs is remarkable. Now hopefully its EXRs (IVZs) time to shine.

NWE Price at posting: 5.9¢ Sentiment: Hold Disclosure: Not Held
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Still Holding! - Whats next, page-52

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