NWE 0.00% 5.6¢ norwest energy nl

If MIN doesnt acquire 90% by end of TO...I dont think they would...

  1. 4,414 Posts.
    lightbulb Created with Sketch. 1386

    If MIN doesnt acquire 90% by end of TO...

    I dont think they would need too starve NWE to death, just tick along as usual with the projects for a bit until Creep rule allowed 90% threshold to be crossed for compulsory acquisition of remainder... There will be CR post NED-1, probably a few months down the track, that would sort out the final step... or just naturally over time... Allowed to creep 1% in the first 6 months after TO ends, then 3% annually after that...



    (I honestly wonder how much movement there will be even if NED-1 is a huge success, given how close MIN is to 90%, even if the good stalwart shareholders could hold out. NWE is locked to MIN shareprice.... if you are still a NWE shareholder and want to sell on market, you should be hoping Lithium goes nuts again, pumps up MIN price in turn pumping up NWE price.)

    Last edited by trousergecko: 21/04/23
 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.