I am going to disagree with all of you. This thing is headed down and there won't be any amazing trading halts.
There needs to be flow rates released and quick decisions made and it simply isn't happening.
AWE released flow rates and stated plans for commercialising Senecio-2 whereas NWE have done nothing similar.
Those riding NWE are not going to sit around for weeks waiting for the company to release further announcements that state that they are still sorting things out.
There is simply no buying pressure and no anticipation at the moment. She will head into the 6's and languish for the next few weeks.
If they aren't releasing flow rates then it is simply because they aren't fantastic.
NWE Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held