NWE 0.00% 5.6¢ norwest energy nl

Ann: MIN: Extension of Norwest Energy Off-Market Takeover Bid, page-95

  1. 1,863 Posts.
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    Reported by ENB 3 days ago after MIN extended the TO offer.
    "MinRes still STRUGGLING to take in Norwest STRAGGLERS"
    "Miner chasing down last hold outs"
    All sounds dramatic and surreal, but it's very real to us Norwest holders, now a matter of hanging tough with Min extending for a month and no doubt they will be on the front foot, but as we know we have the assurance that at the worst we can get out on them or the market. They will be looking to keep the pressure up and pick up conversions.
    Shit they really have got their timing skew whiff, I reckon they will get their 80% but it is looking like that will be about where it ends.
    We need LD2 to meet or exceed our expectations and even though NED1 may be the preferred second or first drill option, I think LD2 will be enough to frank the resource and then onwards it goes.
    Good fortune to the STRAGGLERS.
    all my opinion.





 
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