NWC

5.00%

2.1¢ new world resources limited

Its very simple the brokers will rinse and repeat this until we...

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04/05/23

16:24

Post #: 67610893
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Originally posted by Lurker99: ↑

Thanks for the reply.

I did a fair bit of reading over the last few months about NWC and did see that the current funding is supposed to cover the PFS.
There is a lot to like about this project for a junior speccie. The deposit, location, politics in the area, existing infrastructure etc etc but over and over I seem to come back to the same thing.

Issues with how the project is managed. Delays are inevitable in this space I understand that, but there seems to be a real lack of stability in whether you are able to trust the managements plans or not. Whether thats anecdotal or symptomatic or a larger issue I'm not sure. Reading through the posters on this forum over the last few months it's a recurring theme, yet its also a recurring theme with the same recurring posters, so its hard to tell where the balance sits.

Not that a HC board is a primary source of research, but it does provide an interesting sentiment model at times.

I can see that an updated SS might seem like a waste of time, especially after the increase was flagged earlier in Mikes presentation and wasn't exactly a surprise.
I can see that no further progress on the drilling is a disappointment to some.
I can see that the market overall has been poor, but I do think there is a good case for the copper bull thesis broadly, especially in the last half of this decade.

Combine all that and a drop makes sense, but I can't see the reason for the massive flogging its copped over the last 3 days other than the primary issue of capital and this potentially raising issues about how capital has been raised in the past.

I've not been involved in the stock for a CR, so trying to work out how the roll with is clearly coming soon is a bit challenging.

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Its very simple the brokers will rinse and repeat this until we can secure a decent funder.

NWC Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 2.1¢		Change 0.001(5.00%)		Mkt cap ! $59.64M

Open	High	Low	Value	Volume
2.0¢	2.2¢	2.0¢	$123.4K	6.039M

Buyers (Bids)

No.	Vol.	Price($)
2	584548	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	2022713	3

View Market Depth

No.	Vol.	Price($)
2	584548	0.021
4	4715618	0.020
4	633918	0.019
10	2562277	0.018
5	2375850	0.017

Price($)	Vol.	No.
0.022	2022713	3
0.023	601473	5
0.024	740000	5
0.025	493000	5
0.026	100000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

NWC (ASX) Chart

Its very simple the brokers will rinse and repeat this until we...

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