Hiwrighty64. I'll tell you my view on the company. You probably know NWM recently had escrow shares released which is causing some short term volatility hurting the SP a bit. NWM started drilling a week or so ago and Green Bull gives a nice summary of it if you scroll back through the thread. NWM are cashed up with recent cap raise at 0.10 and selling seems to have slowed down recently since the release of escrow shares.
On a side note - yes the SP is at an all time low, escrow shares and cap raise shares were released at 0.10. So.. that to me means 99% of sellers selling under 0.10 are selling at a loss unless they were one of the lucky few who have been picked up under 0.10. (correct me if I'm wrong) So to me there can't be too many people wanting to get out under 0.10 at a loss if that is the case.
Fundamentally I like where the company is at the moment
Cheers
NWM Price at posting:
9.6¢ Sentiment: None Disclosure: Held
