NWE 0.00% 5.6¢ norwest energy nl

MIN can apply to compulsory apply NWE at 90%.There is basically...

  1. phx
    510 Posts.
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    MIN can apply to compulsory apply NWE at 90%.
    There is basically nothing the remaining shareholders can do but argue about the consideration they receive.

    MIN getting to 90% does not appear realistic at this stage from the posts on HC alone.
    HC holdouts have over 10% of the SOI, if people have been honest about their holdings.
    They all seem to be waiting for drilling/3D.
    Drilling is imminent.
    From V10, 3D would seem to be Q1 2014.

    MIN have control now and I strongly doubt the offer will be extended again due to the strong negative feedback on the takeover offer and CE comments.

    I will be looking to buy on any decent dips but with drilling starting soon I doubt that will happen.

    Not advice - DYOR


 
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