The reason that MIN needed to get NWE approval was due to the original Joint Venture Agreement between EGO and NWE which was negotiated by Peter Munachen and David Kennedy.
Ernie Myers was the company secretary at the time.
Munachen was a very switched on CEO.
From memory it stated that if either party was not able to meet its financial commitments then the control was ceeded to the remaining partner.
When EGO failed financially then NWE became the operator.
CE was not a happy chap when Shelly Robinson (NWE CEO at the time) marched into his office and informed him that he had to seek her permission to undertake whatever works were to go forward. Ellison had 3 lawyers present and Robinson had one .... Robinson won !!!
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pancontinental energy nl
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1.1¢

The reason that MIN needed to get NWE approval was due to the...
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $89.50M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $966 | 87.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 3562357 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 2400348 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 3562357 | 0.011 |
20 | 14607710 | 0.010 |
18 | 8281912 | 0.009 |
19 | 5232862 | 0.008 |
6 | 2359691 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 2400348 | 8 |
0.013 | 3509261 | 7 |
0.014 | 2958742 | 6 |
0.015 | 1371302 | 5 |
0.016 | 150000 | 1 |
Last trade - 10.48am 24/06/2025 (20 minute delay) ? |
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PCL (ASX) Chart |