with all due respect Bharat are newbies to shale and would be relying mostly on PM as to weather the project is 'validated' or not imo. So when they say they are satisfied, that means nadda to me. Being a fortune 500 company means they can 'afford' to take a hit if A2 doesn't come good...just write it off in tax.
Until the 'market' validates this project, its in no mans land from my pov along with the dismal sentiment NWE is currently experiencing.
Once again NWE, seem to think there is all the time in the world. For them, there might be and for Bharat, there might be. For shareholders, time means dilution, and with the SP at 1.7c, Xmas approaching and a break inevitable and clean up still a ways from being complete, NWE will be cap in hand again before you know it based on their forward expenses in the last quarterly. As DGcruzing posted...look at EGO.
A technical success counts for very little if there is no shareholder value added. Its shareholders who provide some of the lifting to get this project off the ground, and at the moment, shareholders are all below the ground.
Dice....are you out there???
NWE Price at posting:
1.7¢ Sentiment: None Disclosure: Held