I would think that sp might settle at about 6.5cents today, too many holders have been burned over the last 12 months and will want to exite to allow a more sgnifigant rise. However price should rise to 12 cents or so as fracking materialises in two months time giving us a market cap similar to NSE.
Arrowsmith will definately flow gas providing the fracking goes ok and it is here NWE has a tremendous advantage over the Canning, close to Perth with an ajaccent pipeline much easier to monetise. Remains to be seen. I bet the lines are running hot in the boardrooms today.
NWE Price at posting:
4.4¢ Sentiment: Hold Disclosure: Held