Hi Alex, I also believe that the WA domestic gas prices will rise above the $6/mcf, but I was being conservative. Certainly any LNG gas sale component adds significantly more cash flow and total project NPV as presented by the MD at the last AGM presentation. Minres are obviously well aware of this.
I was hoping that Gina would have a run at Norwest, thus aligning Minres interest with all Norwest shareholders in getting highest bid price for Norwest and maximising all shareholders returns.
It does seem that this wont happen as it appears that based on HPPL/Gina's latest criticism of Strike after gaining control of Warrego, that Strike is now firmly in the take over sights of HPPL/Gina.
But lets see what the coming week brings for Norwest shareholders.
We do live in interesting times. GLTAH
NWE Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
