(ASX:NWE) Among WA Billionaires at foot of world-class gas play, page-72

NWE comeback to 4c?... who really knows the future?

IMO, NOPE, evenif the offer was withdrawn… all thankfully due to MIN registering theirinterest in NWE and putting a floor under the price.. if it did come back it wouldbe all due to MIN’s price doing a lithium crash, and that would need to happen beforethe new well is drilled.

By NOTtaking up this swap offer,

NWE continuesto have an opportunity to transform from a hand to mouth beggar,

into amoney generating producer with this Perth Basin Asset,

with all theadditional opportunities that that future income would fund,

it’s the biggestopportunity since inception, with the massive re-rate that goes a long with it,

it’salready re-rated upwardly a fair bit since 0.4c before drill with a lot moreupside to come…

and MIN areasking NWE shareholders to give that up ………. for a swap?

MIN…whatare they offering currently?

Why shouldany holder give up 1367 NWE shares for 1 MIN share?

The offer aSwap NOT a cash purchase for 6c a share.

What do youget?

At a PE of41.43,
MIN trading at a massive premium relative to Peers
and when its pricecomes back down to earth and it rejoins it’s peers it will be trading at sub<$20 a share at a PE of 10.

Why is ittrading at a massive premium to its peers?

It’s due tothe lithium bubble, which is in a correction now….MIN’s shares are beingre-rated lower now, making their offer even more unattractive….

But,
MINknow this…, they know their shares have topped out and begun to lose value

(and shouldcorrect to sub $20 …IMO)

That’s whythey aren’t parting with any cash and are only offering a swap … a script bidinstead.

Strategically,

they haveraised the price of admission for would be competitors to NWE’s asset,

and effectivelypegged NWE’s price to their share price (at least for the time being).

(Any futuresuccess with any of the forward well program will blast the share price higher,and they know it)

They’reprobably looking at it like this…

If theirshare price rises, they might think the uneducated target shareholder wouldtake up their offer.

If theirshare price falls, NWE’s “pegged position” might come back to a certain extent,in which case they (MIN) might buy on market instead…. Keep an eye on theaction, and any early changes in substantial position for MIN

Wally’sthinking they're giving up 6c will be completely duped.