Inverted, Agree with your viewpoint 100%
This announcement didn't contain anything material. The fact that bharat are starting to investigate costs for production is encouraging but lets not get too far ahead of ourselves here.
The well had been flowing back for 4 weeks and a flow rate has still not been established? How long is this supposed to take? I would think Bharat are getting a bit impatient with how long this is taking (hence the switch to a 24hr shift). They're wanting some flow rates as much as (if not more than we are!)
Does NWE have enough cash in hand at the moment? They way the market is at the moment I have become incredibly skeptical of announcements of this nature. Zero material information, 100% advertising. But for what?
Either:
1) Raise the share price to its true value and defend against takeover
2) Raise the share price to ensure a more successful funds raising?
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