Hi SkyPunter. Given the SP hit .007c for a short time before COVID impacted earlier this year - and that was without a rig booking - I reckon we could be looking around the 1c mark as the rig booking will confirm a rough date that is a lot less rubbery than NWE's announcements. Many investors will want a reasonably definite drill date before entering. As Mikey mentioned, a successful STX drill would definitely add value. If STX drill a dud, then probably something around 1.2c might cap things. If STX drill is a success, we could see 1.5c-2c as a Buy Early Sell Before Spud option, as the nearology would increase the likelihood of success in the eyes of many late punters. The number of shares on offer won't be the deterrent to traders as we might think. They simply want to ride the wave... I remember this years ago with LKO and the Wombat drill. Similar story at the time: almost identical starting SP (as now) and huge number of shares distributed. Lets get a rig booking done...
NWE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
