I agree V10Minres will, and should, do the best they can for...

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henrietta

501 Posts.

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09/01/23

08:33

Post #: 65589740
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Originally posted by V10: ↑

Gentlemen,
let us not be so unkind to Minres and CE.

We should be thankful that a value has been placed on our Norwest shares by the first shot across the Norwest bow by Minres.

Admittedly, a low ball offer.

What would be good for all shareholders and would align Minres interests with ours, if Minres decided that they needed a player with very deep pockets to takeover Norwest and pay 20% of some very big development costs coming, to achieve the stated Minres aim of 250 million cubic feet per day.

Then Minres would push to extract the highest price possible by the incoming bidder to maximise the profit on the Minres 19.9% shareholding!

Such a player making a bid might be someone like Gina or Gallaghers Santos or someone else needing to put their foot on 21% of a very large onshore gas resource close to a major gas pipeline and market/s.

In my experience, the easiest takeover bids are those where a major shareholder accepts. In this case- Minres.

All speculation on my part of course.

And if did come to pass, then Minres/CE would be our 'newest best friend' as the Minres/CE interests in getting the highest price for the Minres shareholding would align with ours!

We do live in interesting times.
DYOR

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I agree V10
Minres will, and should, do the best they can for shareholders ............ and the NWE board should be doing the same for NWE shareholders.

Can't expect, and never have, Minres to be generous to anybody else. Unfortunately they have the strong hand, but there might be enough NWE shareholders to sway things our way a little.
Cheers
J

NWE Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
5 Upvote

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