Ann: Change in substantial holding from MIN, page-20

correct in my view.

in my view, this is what to expect in terms of trading from here on:

• there will be a group of market makers that will continue to "trade" NWE stock - amongst themselves.
• they will put the price up and down like a yo yo, hoping to throw people off the horse by playing with their expectations and fears.
• I reckon min will keep the offer open until they get at least 75% - so they can pass special resolutions. This is a big hurdle for them.
• Once they get to 75% there is a good chance they will keep it open to get to 80% - to keep their friends happy by removing their tax liability.
• the shills are active on this forum... very cunningly working the crowd... gauging sentiment and playing people to get then to sell on market.
• anything substantial sold on market will make its way into mins pocket. This is a one way valve.

in my view, it is critical for the hold outs that MIN DO NOT get to 75%