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5.6¢ norwest energy nl

I agree, a compulsory acquisition would need to be in cash, I...

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Feral54

3,563 Posts.

1079

13/04/23

12:51

Post #: 67255445
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Originally posted by MollyC: ↑

Agree with you and I am surprised not many share your logic. Wasn't MINs announcement last week (about extending the acceptance facility for a MONTH) in the evening, and several hours after NWE trading halt? Therefore, wouldn't MIN have KNOWN about yesterday's results when they did their extension? So, why are they still ever so keen to get our shares? Things that make you go, "Hmmmm...?" Interesting to see that in spite of all the seemingly panicked sellers, there sure are some keen buyers to take up the slack! If yesterday is indicative of a so-called disaster, why the enthusiastic buying? I'm holding on to my shares!

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I think the keen buyers are bot auto trades. As soon as the MIN price exceeds the NWE value they buy and probably auto convert to MIN effectively instantly. Only retail plebes need wait 1 week.

Originally posted by soltrader: ↑

That is my opinion as well@Feral54. I prefer to wait for NED1 drill, then I decided what to do afterwards.
But if it comes to compulsory acquisition, I prefer ca$h to MIN shares.

If I decide to get into MIN, I'd prefer to time my own entry.

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I agree, a compulsory acquisition would need to be in cash, I suspect. I would prefer cash also.

NWE Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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