Top 20 just came out... and no surprises here, the Top 20 continue to accumulate, albeit a bit slower... lead again (as we already know) by our JV partner MIN.
Notable movements are:
- MIN @ no.1 has added another ~18.8m... now sitting at a combined total 19.90% SOI
- HSBC #2 @ no.5 sold ~3.8m
- CS Third added ~4m shares (jumping to no.7 from 9)
- National Nominees added ~5.8m shares (jumping to no.11 from 13)
You can check it out here http://norwestenergy.com.au/company/capital-structure/
Top 20 now up another marginal 0.34% in the week to 42.15% SOI.
MIN's holdings at no.1 (Bell Potter Nominees) and no.9 (Mineral Resources) combined equals exactly what MIN disclosed to the market last week on 15/6... if you combine these 2 holdings gives you 19.90%. So it appears the other Bell Potter purchases post 15/6 must be for another client account.
I reckon MIN is now set... locked and loaded... sending a clear message to anyone considering a play at NWE to bugger off... or be ready for a battle.
I also reckon news for a drill rig shouldn't be far away... once we get confirmation that NWE have govt approval for the 2 well back-to-back program scheduled for Q4 CY2022. Personally hoping we can secure the Ensign rig from STX again. Christmas could be huge for NWE.
GLTA
