Brady - Their reasoning regarding market capitalization of NWE today compared to NWE at the drilling of LK1 - is incorrect and total BS.
Market capitalisation is worked out by the number of share on issue x share price.
Our market capitalisation at beginning of Lk1 was 5.073bln shares @ .01cent = $50,730,000.00 Our market capitalisation at beginning of Lk1 was 6.900bln shares @ .069 cents $476,100,000.00
Just because minres are a major shareholder of NWE in no way dimishes our Market Capitalisation. NWE shares on issue at 6.9 billion regardless of the holders.
Another BS answer/information provided.
NWE Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
