"A cash takeover bid for Norwest is good for Minres as they make a huge profit on their 1.3 billion shares with cost base of ~ 1 cent per Norwest share. This profit can go towards paying for coming Minres costs of drilling, 3D, production facilities etc. Minres have form here in selling a major shareholding position for a profit- Pilbara Minerals sale."
This is something I find entirely possible.
I have mentioned this before and still think this would be the outcome.
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Dani Nadri, Country Manager Australia
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