I doubt there will be a severe dilution, I'm fairly sure we have the funds for the 3D, funds for A3 won't come from shares being issued (They won't raise $10mil when their market cap is $14mil, it will/should be pre-sale gas.. they should be looking at going that direction if the flow rates from A2 were good enough to satisfy a company).
No company will take them over if they don't see a high chance of success, if there is a high chance of success the share price won't be at this level. If any TO offer appeared it would be AFTER the 3D and after the A3 was drilled (The A3 effectively adds $10mil+ to the price they pay if they buy us out before hand).
Buying and holding has been painful, I have to sell out close to a 3rd of my holding at less than half the price I paid to fund a Europe trip in the next few weeks. It will be the most painful thing I have done. But I will be looking at buying up leading into 3D and funding being secured.
Approval for 3D and securing funding will set the S.P up to Cap raising levels IMO.
NWE Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
