It would be good if we had more options for sentiment and disclosure such as: - accumulate or lighten - manage risk and profits accordingly.
I'm in the manage risk and profits camp not a clear cut seell or hold, for a "wait and see" with regard to
What % will MIN end up with? i.e. - how big is the shark? shark getting too big, manage risk. - shark not big enough, manage opportunity.
- will they fail to get to 75/80% lol, if the offer is extended Acceptors may need to sell MIN on market to pay for CGT and this selling pressure may lower prices for both MIN and NWE.
- how far will price actually pull back before drilling begins... potential opportunity
MIN will get no increased ownership from me.
For me its either lighten to market and hold ideally at a time where their friendly converting entities are out of time to accept any more of their offer.
If you want to see how a failed take over bid can also work out, ask a question on the CUE Energy threads, they fended off NZO and participated in a potential monster a couple years ago, price went from sub 6c to 20 ish just on the potential but came back to 6 when they didn't find anything. NZO is also a failed take over to my knowledge but is an example of an illiquid entity.
My Eyes still on the prize, but wary of other shareholders giving MIN power in their swap deal.
NWE Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
