Thanks for the info, Barneydigs - I have heard these concerns on...

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MollyC

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19/04/23

22:14

Post #: 67364897
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Originally posted by barneydigs: ↑

can I ask what you are hoping for from NED-1? would love a reason to throw 10k at this as a last Hail Mary but just can't see it. TBH it seems to me that the company would need top notch results to just confirm the much reduced resource. Best case the results are like LD1 and prove the much reduced resource. Even people will be skeptics given LD2. Worse case NED-1 shows it's all compartmentalised and it's a dud as well.

The company is already valued well above the value of any resource NED1 will prove thanks to what has turned out to be MINs Xmas gift. The sad thing is that we won't know about the other leads until well after NWE is no more.

Then there is the fact that MIN will reach 90% in the next week or two at the outside meaning they compulsory acquire. which will lead to long delays in monetising any shares and the risk that MIN drops in SP and holders can't sell.

Add in the chairman very clearly indicated that a CR is coming in the coming weeks and I really don't see the upside.

I hate it TBH. After over a decade for it to end like this, especially after the LD1 results. have done very well out of the whole affair but do disappointed that the future we all were confident in won't materialise.

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Thanks for the info, Barneydigs - I have heard these concerns on many posts already...
Anyway, I have zero concern here. This is an exploration company - all we can do is see where the chips fall - and in light of MIN's aggressive takeover bid, I highly doubt they're doing this if the potential worse-case outlined by you is even a possibility...
As for the potential of compulsory acquisition and having one's funds tied up for a period of time, if MIN is such a great company - then what's the problem? MIN's share price ought to be robust enough, and if not - why is everyone now patting themselves on the back now that they took up the offer?

NWE Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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