The reason it has dropped is the same reason as with all explorers. The price dramatically shoots up on discovery, announcements, then there is the sonsolidation phase where no more exciting announcements due to the reality of converting a discovery into a real well, pumping stuff out of the ground, selling it and eventually turning a profit. All this will take 3 to 4 years. So be prepared for the price the retrace to around 3c. Then maybe in 2 to 3 years when they turn a profit you will see the share price start to go back up and maybe possibly get to $1:50....maybe
NWE Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
