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5.88%

1.8¢ new world resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-16

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Geeenius

3,267 Posts.

609

04/05/24

07:31

Post #: 73661494
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Originally posted by Lurker99: ↑

It looks as though there are 2 schools of thought on this CR.

One says that the timing is because drill results are unfavorable and therefore better to get in and raise a heap of cash before release. From what I can glean, this view is supported by the lengthy delays to the PFS and the fact that drill results are to be released in a pack as opposed to drip fed.

The other says the timing is by design because results are favorable and they didn't want to dampen market reaction when everyone (who looked at the financials at least) would realize cash was needed soon.

Based on what I've seen so far, I'm willing to hold and even increase a bit at these levels hoping that the end result is closer to the 2nd scenario.

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A variation on your second scenario is that the results are favorable but they need more time to secure the land strip between Discuss and Red Cloud/Rudkin at Javelin.

We should remember that even without any new drill hits, Antler is a going to be a very profitable mine, PFS due by end of June with mine plan and permitting underway.

NWC Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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Last 1.8¢		Change 0.001(5.88%)		Mkt cap ! $51.12M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$54.66K	3.036M

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No.	Vol.	Price($)
17	3397151	1.7¢

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Price($)	Vol.	No.
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