Honestly didn't expect to see this hit the 10 cent mark. I topped up with a few more yesterday afternoon. NWE's cash position equals 4.7 cents per share($7.8 million) and last half year, NWE were cash positive. You have to question the 5.3 cent valuation people are giving to the 25% chance of finding 16-20 mmbo at AC/P32, the 90% commercial success rate in the US Appalachians and 50% stake in a potential North Sea gas field, possibly holding around 200BCF. This company is only given a market cap of only $18 million or so.
NWE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held