Here is a question, "could legal action be taken against the greens for the delay in fraccing of Arrowsmith-2 well"?
The delay is now probably going to cost NWE in the order of $10,000,000 due to options not being taken up by the share holders. This delay was deliberately caused by the WA greens.
Although it would be difficult to prove, it would not be a very hard stretch of the imagination to think that anyone who is against the fraccing of the Arrowsmith-2 well could do he following:
*gather enough business information about NWE,
*see an opportunity to hurt them,
*lodge an objection to the fraccing in the courts
*let time do the rest
Easy way to cost the enemy $10M.
This is all "hypothetical" but, to me, it could easily have been a deliberate line of attack for someone with motive and influence.
If the objection, which turned out to be baseless, was not made, the likely hood of good fraccing results and a share price above 10c would be the outcome. A conversion of the options and a $10M injection to NWE coffers also probable...
Can NWE look to take the Greens to court, do they have a case to answer?
TY
My frustrated thoughts only.
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