NWE 0.00% 5.6¢ norwest energy nl

MIN have planted the seed of uncertainty and risk against...

  1. 17 Posts.
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    MIN have planted the seed of uncertainty and risk against NWE's future to try and steal some cheap share and take control but we have already hit the Jackpot at Lockier Deep 1 on the first drill and MIN have proudly announced this in their presentation video.

    I think they will only acquire a small increase in their holding through this offer. CE just doing his job of returning maximum profit to his shareholders(wish our board was too) by scooping NWE shares up off anyone silly enough to take up his offer.

    We have the capital to keep moving forward with the project already and get these next few drills done so we can realise the full value of the asset before we can make a fair assessment of our shares value.

    It remains to be seen what games they are going to play to attempt to acquire NWE for a less than fair price.

    HOLD your shares people this is likely the biggest onshore gas discovery in Australia in MR Chriss Ellison's own words.

    The lowball offer wrapped in a Christmas bow was embarrassing as was the condescending remarks about NWE shareholders.

    We may only be an exploration company but we haven't finished exploring!

    Don't fall for the tricks MIN are playing here folks if they didn't think they could make money from your share in this huge gas field they wouldn't be trying so hard to get them.

    The risk has been largely removed when we hit the jackpot on the first drill.

    This one is for the newbies let's look at this logically :

    His argument ( CE )is that the Perth Basin is overpriced but he buys shares in WGO across the road at 39 cents at the same time. He says we don't have the funds to develop this project but we are funded for the upcoming drill so let's get on with it and prove up our resource. It ain't going to be any less than what we already have which is HUGE as he said " Likely the biggest onshore discovery in Australia " Sure MIN is a good share but they are at an all time high and we haven't realised our potential yet due to this opportunistic offer and this deal could mean we get below market value for our shares if MINs price drops.

    I'm so glad that very few have taken up this crappy offer so far and that the majority of shares are held by big holders that are informed and know that their shares are worth more.
 
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