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'Formidable' MinRes opens Norwest offer

Ellison says offer is a 'no-brainer' as Morgans initiates coverage

Kristie Batten
MinRes managing director Chris Ellison

MinRes managing director Chris Ellison

MinRes is offering one share for every 1367 Norwest shares held, valuing the company at A5.6c per share as of December 30. MinRes already holds 19.9% of Norwest. Norwest is MinRes' 20% partner in...

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