MIN low ball offer was originally valued NWE at 6c share.
Well you can throw that out the window now.
MIN script offer was 1 MIN share per 1367 NWE shares.
So lets say you have 1m NWE.
1,000,000 NWE ÷ 1367 = 731 MIN shares.
731 MIN shares x current MIN stock price of $81.22 = $59,371
If you held 1,000,000 shares in one day you'd would of lost ~$630 already of that original 6c valuation.
Given the current market of MINs main commodities of Iron Ore and Lithium I wouldn't be surprised if MIN stock price continues to slump thus further exposing NWE shareholders to losses if excepted.
MIN have the ability to pay NWE shareholders cash which I think would be a much better outcome once the offer is lifted.
I suggest every shareholder write an email to Iain voicing your concerns about this lowball offer.
Obviously this MIN valuation is terrible but if they want my shares they will have to significantly lift the offer and pay cash.
Feel free to add why this is a bad takeover offer.
NWE Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
