NWE 0.00% 5.6¢ norwest energy nl

I should add that I am still holding a large bunch of shares.It...

  1. 2,629 Posts.
    lightbulb Created with Sketch. 677
    I should add that I am still holding a large bunch of shares.

    It was informative this week when the bid was approaching expiry, and the ratio between MIN and NWE broke away from the 1,300:1 level.

    I believe that this was caused by hedge funds backing away from the trade, as there was no clarity on the bid extension. When the offer was extended, the ratio re-engaged with a higher volume. Thus my previous comment re the about the traders.

    It was also a snapshot of where the stock could drift when the offer expires.

    Just a few thoughts over a beer on a Friday pm.

    AL
 
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.