Well out Tui! in my opinion a lot is going to happen in coming weeks! it is noted that Hancock had approx3%. it is also noted her activity in WGO. if she achieves the position in WGO then WGO could accept the STX which could result in control of the West Erregulla project, which is well advanced albeit less in size that the LD stated size , but would provide her with gas for her iron ore projects! meanwhile with her interest in NWE I doubt if she has accepted the MinRes bid as it it is small change in the scheme of things! I speculate that she will stay in for the exploration ride with the upcoming drilling programme and seismic results! also she could start buying in market to accumulate 5% before she needs to file substantial shareholder notices! whilst Min Res has a mkt cap of circa$18bn which is impressive you cannot ignore that Gina Hancock is in fact the wealthiest woman in Australia so she has the capacity to deliver on an acquisition if she so desires!! so it’s a case of sitting tight as the bidding war develops between the titaim in forns! what comes to mind is David and Goliath! I’m in for the long haul. GLTA
NWE Price at posting:
6.8¢ Sentiment: Hold Disclosure: Held
