NWM 0.00% 2.1¢ norwest minerals limited

Ann: Arunta West drilling results, page-68

  1. 182 Posts.
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    To suppress a SP is only valid if the company has something of value and creating fear to reduce the entry price via a CR. Instead of getting say 10m shares at 5c a share they can get 20m shares at 2.5c. For Hartley's or anyone to do a CR they need to sell the company's prospects. If it is a dud then the CR will be a flop. So if the CR occurs to me it is a good sign of the prospects. I dont think NWM is a dud. But i ain't a geologist to understand the nuances if the findings. I am surprised that clay REEs are considered a negative. I would have thought a good copper resource as in bali would also be a positive. But the market is fickle. And the market dictates, not necessarily right but non the less dictates. Not worth selling at the moment as i would have been buying at these prices. Not the end of the world. Just strange how the market reacts.
 
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