"My view is those that folded have folded and those holding out are not holding out for the rollover relief. They're holding out because they know we've been sold out with lots of money left on the table. They're holding because they know the only way we will get paid is when the drills and seismic do the talking and tell Chris and co to tell their story walking."
This has been my view for some time and is supported by the lack of notices from MIN re shareholding.
It seems the acceptances for their offer has basically stopped.
Those of us still holding are waiting for the drilling and 3D with a significant rerating of the share price.
Looking forward to details on the trading halt.
Personally, I would prefer to keep NWE and get nice divies for the rest of my life
Nothing wrong with the Acceptance Facility - they told us about it in the last extension so no surprises here.
A bit of a trap though with it being an Intention, then when 80% you can't withdraw.
Just more paper to start the fire with at the end of the day.
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