NWE 0.00% 5.6¢ norwest energy nl

Ann: MIN: Norwest shareholders' MinRes dividend opportunity, page-51

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  1. 155 Posts.
    lightbulb Created with Sketch. 43

    Did anybody say we get to contribute nothing? Evidence?
    People are happy to contribute, but it's just unfortunate the BOD put us into unnecessary expenditures.

    Anyway, how did we survive at NWE all this time? We've had many capital raisings before, why won't we survive a few more?
    News flash for you: Whatever financial obligations are there, MIN will be paying approx 70% of it.
    And that's ontop of the 80% for it's share of the JV.

    And it's not because the minority SHs don't want to contribute. It's called proportionality - you contribute according to the size of your holding.
    I can't believe I'm having to explain this 101 concept to you.



 
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