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0.00% 5.6¢ norwest energy nl

Ann: MIN: MinRes Norwest Energy Offer - Best and Final, page-158

  1. V10
    148 Posts.
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    15/03/23
    19:10
    Post #: 66785915
    Norwest will fund ongoing work with a rights issue underwritten by Minres,
    Any shortfall will increase Minres holding.
    Shortfall will be determined by the price of the issue. If the Norwest board consider the share price is undervalued, then the issue price would be higher than market price.
    That will test the resolve of all Norwest shareholders to take up their rights or not.
    Rights issue, even if announced this week, will take at least 4 weeks to enact and close.
    DYOR
    NWE Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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