thanks for your insight @Pottermore.I'm new to this stock...

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unjo2123

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02/08/19

09:13

Post #: 39824329
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Originally posted by Pottermore: ↑

It was the directors father and his mates who sold and caused the price momentum to collapse after the Xanadu discovery. Market viewed the association as an indication that the discovery was a dud. Meant that the oppertunity for the company to raise funds at cents went out the window. Many of us were very angry at the following AGM.

Good to see your positive position at STX stash and welcome back .... just for your information .... if Xanadu 3D shows that the reservoir size is as predicted then there has been a valuation of 7 cents per share for NWE made by an Oil and Gas commentator whose name just elludes me at the moment and given the STX share price as per the discovery in EP 369 ..... we have 20% of 368 and STX have 50% of 369 and we have 3 billion shares on issue and they have 1.5 billion shares on issue .... in my world that would mean a value ( if we find a similar gas reservoir) of around 3 cents per share .... so 10 cents is not unachievable for NWE not very far down the track.

And that is not allowing any value for Jingamia or for EP 426.

I just wish I had the funds to increase my holding at these levels.

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thanks for your insight @Pottermore.

I'm new to this stock but have loaded up yesterday. do you know when the Xanadu 3D will come?

thanks in advance

NWE Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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