REVISED OFFER - Seriously WHAT SHOULD WE DO NOW.. HELP.., page-39

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25/01/23

09:59

Post #: 65869024
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Originally posted by seahunt: ↑

MODED
Norwest shareholders Unanimously Reject the Recommendation to take MinRes' Revised
Offer

Dear Board of directors.
We shareholders of NWE do reject the revised offer from Minerial Resourses as being opportunistic and not in the best interests of all shareholders and reiterate their advice to Norwest shareholders to TAKE NO ACTION in relation to the Offer.
We shareholder believe we have more than 10% of s.o.i. andthereforecaneffectivelyblock anyattemptto take over our company.
‘’The unsolicited Offer from our joint venture partner comes at a time when we are on the cusp of a transformational drilling and seismic campaign which aims to prove up Australia’s largest ever onshore conventional gas field.
Perth Basin gas is becoming increasingly valuable, as evidenced by the ongoing and intense bidding for
exposure to the high-margin Perth Basin Permian gas play. Mineral Resources stands to benefit
considerably, including as an end-user, if it is able to consolidate ownership of Norwest’s assets to secure
full control against a backdrop of an increasing WA domestic gas price, the possibility for export and the
creation of new downstream industries.
The shareholders are strongly committed to maximising value and remains 100% focused on acting
in the best interests of all Norwest Energy shareholders.’’We have already got approx 500 million shares that say "no" to the take over.
We can and will defeat MIN

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Thank you SeaHunt

NWE Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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