NWE 0.00% 5.6¢ norwest energy nl

Ann: MIN: MinRes Norwest Energy Offer - Best and Final, page-137

  1. 8,568 Posts.
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    "Best and Final" means MIN cannot raise their current bid.
    They CAN extend the closing date, and hope they get a few more acceptances.

    They can of course come back with a new bid at a later stage. I am not sure when they can lodge a new bid. I think if it is a new but different bid, eg say a cash bid, they could return pretty quickly if they so desired.

    But MIN are tough - they will try and weaken the resolve of holdout shareholders, by doing a CR when NWE needs further funds for further drilling and exploration work. MIN will try to inch-up the register over time.
 
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