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2.1¢ new world resources limited

Apparently most of shareholders don't hold his views.Eight point...

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bruham

5,557 Posts.

833

12/01/24

12:08

Post #: 71848190
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Originally posted by BaltasarG: ↑

Yes, did they not go deep enough?
Are there larger clusters at depth

Were Cu prices 50c/lb?

I haven't spoken to Mike in a while, but will defo ask about it next time I bug him.
Maybe the size isn't there?

Maybe the terms for treatment were unfavourable?
We have a standalone operation at Antler we can build upon and all this higher grade will be upside, so downside is mininmal.

Our rewards are definitely asymetric to the upside, I'm keeping fingers crossed the drilling and modelling will come up trumps and then we get a good scale asset between Antler and any new discovery.

Mike is a very good geologist and geophysicist so we let him do his job. From what I understand he is very excited about these new prospects and technically from what I've heard I do like the story.

Now we wait.

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Apparently most of shareholders don't hold his views.
Eight point six million shares want in, and thirteen point seven million want out.

I can see this share price falling some distance.
Maybe a top up at three cents ?

NWC Price at posting: 4.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $59.64M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$51.31K	2.523M

Buyers (Bids)

No.	Vol.	Price($)
4	721600	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	250000	1

View Market Depth

No.	Vol.	Price($)
3	636666	0.020
14	2360541	0.019
5	1190000	0.018
7	2726497	0.017
6	1350000	0.016

Price($)	Vol.	No.
0.022	767261	9
0.023	1880000	5
0.024	1071217	4
0.025	5315000	3
0.028	132000	3

Last trade - 15.08pm 18/10/2024 (20 minute delay)

NWC (ASX) Chart