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16/12/22
18:44
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Originally posted by steeletheone:
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"While Norwest is a minority partner, Mr Ellison suggested MinRes was motivated to take out the company to avoid it falling to another player seeking a position in the Perth Basin consolidation.“The real value is getting rid of the nuisance value,” he said. “We like to be in control of what we are doing in this type of environment. We basically want to do our own thing.” this to me reaffirms thenwe board hold out for a better offer!!! above extract from "the west australian" newspaper .... https://thewest.com.au/business/energy/mineral-resources-joins-perth-basin-takeover-rush-with-403m-play-for-norwest-energy-c-9179750
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I had a punt today and bought more, its a no brainer.Min has established a new base price here and if you do not wake up to it you will lose. Still buying.