NWM 0.00% 2.2¢ norwest minerals limited

Ann: Maiden drill results at Bali Copper Project, page-132

  1. 182 Posts.
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    Sounds prophetic talking about exit points. Seems to me that the current drift down in the share price looks like exit strategy at work. If it goes up 50% start selling 10% of holdings down if price drifts. Seems to be self fulfiling as selling in a fairly illiquid market will cause price to go down so more is sold under some sought of strategy. REE results from arunta west are around the corner and further reporting of bali is also coming. If arunta west REE results are anywhere close to WA1 results $60-80m MC on books or 4 to 6 times more than todays MC. People with exit strategy will argue that they will buy back after announcement and ride SP up. Good luck to all holding.
 
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