arrowsmith 3, page-110

Guys’
TBE is right..

They called a trading halt almost a week after issiue of the new lot of shares for a piss weak flow rate..leading to a pump so those in the know could dump some shares..

AWE thier biggest partner has not factored into thier forth coming accounts a spend of 50 million for a A....
I still think NWE mangement is blowing smoke and mirrors after the last bout of CP raising in the hope that the next one that is not an embarrassment.

There are only two things positive on the horizon. And one is not time frames.

1. A half decent last flowrate before A2 is shut in. Not that this is going to mean to much to the market as its still all theory until stage 2.
2. A farm in with a solid cash support for future work via announcement support by the the other two partners. (As NWE market crediabilty is shot)

There is nothing in the other leases that in the short term is going to ignite any price support unless they swing farms-ins and committed future drilling, work over proposals.

So TBE is right.
Treading water and depleting shareholders capital.

For the next 18 months its better and safer to have your money in a Bank (or bank stocks)then it is invested in NWE and wait for the dilution that is coming.

you will note I have changed my sentiment to sell on any upswing. There is no reward verses risk any more.
Even their own paid for independent report spells it out.

I do not see away out for small shareholders that brought in on the hype at 6-9 cents and or the long suffering holders of 4 or more years..Its only a 3cent stock even with the resource in the ground as they don't hold enough of the % to pay thier way forward