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13/03/23
10:57
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Originally posted by phx:
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Cherry7 it is inevitable that at some time there will be a capital raising. NWE if funded for the current two drills and the 3D. Positive results from the drilling should move the price up substantially. NWE need funds for further drilling and their portion of gas plant. How this will be done is up to the BOD. Hopefully it will be via a rights issue. No one knows at this time, apart from perhaps CE. Regardless, MIN will have to fund about 80% plus they have 72ish% of NWE to fund as well. Other shareholders only have around a 5-6% interest in the tenements to fund further expenditure. Godd results from drilling and most holders will be happy to put some more $$ in. Just my opinions DyOR
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If MIN now control the NWE bod, they may decide to take a loan from MIN and play the same EGO take over scenario. Does anyone else think this is a possibility?