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5.6¢ norwest energy nl

Ann: Lockyer-2 Well Results, page-35

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greenleaf

3,681 Posts.

213

12/04/23

14:08

Post #: 67236700
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Originally posted by greenleaf: ↑

Where do we stand now....

We are covered by law, equal to the same as everyone else, should minres get 80% or 90% then they move to compulsory acquirement, they must pay offer price:

Ruling:
Once the bidder reaches ownership of 90% of all target securities, the bidder may commence the process of compulsory acquisition of all remaining target securities not held by the bidder in return for payment of consideration equal to the offer price. The compulsory acquisition process involves the bidder sending notices to all remaining target shareholders and a period of time during which any remaining target shareholders may object to the Court.Delisting of target from ASX will usually take place soon after completion of compulsory acquisition.

For those that want to hand around and push the envelope - you are still the same today as you will be at compulsory acquisition, not financial advice, please do your own research.

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PS please note that the bidder may commence compulsory acquisition, the bidder may not! NED1 is the hinge point. Please DYOR, we are in white water!

NWE Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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