NWE 0.00% 5.6¢ norwest energy nl

I love your posts.Analysing how poor your options are makes me...

  1. phx
    510 Posts.
    lightbulb Created with Sketch. 224
    I love your posts.
    Analysing how poor your options are makes me want to hold.
    One of the reasons I am buying on market is posters like you.

    Anyway, to your post.
    I would love a rights issue. I have no doubt it would be as close to 100% subscribed as you could get.
    Great outcome for us shareholders.
    No dilution for us, as we take up the rights.
    At least now, you are conceding that MIN has to put in - around 70%.

    Your second scenario seems extremely unlikely considering MIN's recent takeover and your own recent comments.
    MIN fights for every last share, then dilutes itself - very unlikely, but of course possible.

    The most likely scenario is that they do a placement to "sophiscated investors" ie mates.
    This dilutes everyone, including MIN.
    However, MIN have the shares being held by friends.

    If you really are so keen for MIN to have more exposure to NWE tenements you could look at selling your MIN.
    MIN's North Perth Basin exposure is diluted by all the other stuff they are into.
    Maybe Sell MIN - buy NWE.
    Much more upside IMO.
    MIN share price has been pretty shaky lately and can possibly drop a long way.

    Just to consider and research - not advice. DYOR.


 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.