Still Holding! - Whats next, page-139

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21/04/23

21:09

Post #: 67404008
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Originally posted by tui: ↑

Hi Guys
Have got all my mates out at about 6.5 but I am still holding 1 million. We were going well this week with MIN up strongly, but today was a MIN down day ( 5.5% ) and NWE is still coupled. I am holding for the NED drill.
As some one said "two out of three ain't bad". This NED has always been the favourite.

It has been a relief to have sold out over 30 million shares at a profit after having held for so long. 15years.
At one stage I was down $600k .i.e. Shingles. ..Not a happy time. Thank you Dear Lord. It has been a long journey and am hoping for a little NED cream on the top.

Best to all long termers. It has been a great group and I especially just loved my trip to the NWE AGM in Perth. I really enjoyed meeting shareholders and attending such a buoyant AGM. Well done Peter Munachen for securing LD-1. Without it we would not be here. And well down Iain Smith for steering us into greatness. And mostly, thank you Shelley for leading us through some extremely challenging times when your prudence kept us alive.
Best
tui

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Originally posted by trousergecko: ↑

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.)

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I believe MIN will delist before NED1 results are known.

NWE Price at posting: 6.0¢ Sentiment: Hold Disclosure: Not Held
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