MinRes is a business and wouldn't gamble on NED-1 drilling and...

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lilylou

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12/04/23

19:22

Post #: 67243236
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Originally posted by Samule5000: ↑

This one has more twists than The Sixth sense. A couple of my senses are twitching a bit too and piecing together the below.

Three reasons SR could have resigned. 1. Recharge (as she mentioned) 2. didn't agree with the divisions direction/decisions or 3. pushed due to TO and results so far weren't favorable. 3's unlikely as of the amount of analysis from others within the company.

MinRes is a business and wouldn't gamble on NED-1 drilling and would pull the offer immediately for remaining NWE holders if didn't make sense for the 1300:1, even below 80%. They haven't and would be out of sync on the low side with a leaky ship if intended.

Large volume sold, which is more understandable than just as many buyers. I may even purchase some more on market.

Seems like fairly rapid analysis of the wireline data though fair enough.
Would like to know the timeline on the rotary sidewall cores and velocity survey results and what this may be used for in the bigger picture. Not sure why bother and not straight onto the next spud. Date TBC.

Holding and enjoying the ride as always.

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MinRes is a business and wouldn't gamble on NED-1 drilling and would pull the offer immediately for remaining NWE holders if didn't make sense for the 1300:1, even below 80%. They haven't and would be out of sync on the low side with a leaky ship if intended.

I questioned this myself today and made a phone call, 'can min end the offer immediately' as it was my concern. Apparently not, they need to apply to ASX and it is a three day period. Maybe some relief for some people to know this.

It will be interesting to see what comes out of this all, Im sure there is much much more to come.
GLTAH
NWE Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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