Yes agree 100%. I wouldn't say gambled but definitely showed incompidence during the last drilling. My issue is have they enough funding to begin drilling again and will the shortfall of securities from the last CR be successful in 3 months time and at what price...... 4cts again, so roughly $1ml not counting options which might never be exercised
IMO NWM SP will sit at 4cts for the next 3 months and any news leading up to the shortfall date will get smashed with T2 trades and retail SH that have been caught out. Yes I'm one of them... To make things worse REE Lab Testwork result were scheduled for end of March. Markets hates directors that do meet deadlines. Understand the REE results are in the lap of the labs and out of NWN control but why state end of March. Incompident.
Not looking good near term at all.
Good luck DD22
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $9.217M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.9¢ | $4.232K | 222.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 298748 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 462729 | 3 |
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| Last trade - 10.17am 12/11/2024 (20 minute delay) ? |
| NWM (ASX) Chart |