Your suggestion is completely valid and reasonable, but here is an alternate hypothetical scenario for you to consider, naturally AIMHO:
NWE board meeting called by MIN
The chairman announces: Youse guys need to raise money to pay for all the risky exploration activities MIN has planned. Do a CR at 7.4 cps and MIN will be the underwriter We will pick up all the shortfall. It's a no brainer.
Meeting closed
By the way, I have never owned MIN shares and I have no intention of buying any. Cheers ft
NWE Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held