Great post Brobel, took your advice and buckled up, though...

First 43 Last

Share
Profile

Follow
greenleaf

3,671 Posts.

210

16/03/23

12:19

Post #: 66799795
Share

Originally posted by Brobel: ↑

Not gonna lie, I did have today marked in my calendar as "spud day" for NWE. I thought it would have been in the morning and was resigned to no announcement today but hey, what great news - finally!

I just had a look over the latest Top 20... and pretty much bugger all change. In fact, it's not a good read if you are a MIN fan and hanging for the 80% CGT threshold.

So by my calcs, from 6th March to 10th March MIN increased by ~47.5m SOI... which equates to just 0.0068% increase... in 5 days. So if we assume that acceptance trend was to continue (and I don't see it will)... it would take ~16 business days to get to 75%.... or ~52 business days to get to that magical 80% number. Lets see if MIN keep extending.

But IMO the low hanging fruit has been picked... and acceptance rates should keep fizzing out. Just look at the daily volume... it's fizzing out. Another way to look at it is MIN need ~500m more shares to get to 80%.... and going by the top 20 list, that would mean convincing a whole lot of "the masses" to fold their cards. I just don't see it happening. Especially now that we have spud Lockyer-2. Reality is anyone that has held this long will be wanting to see out this next milestone drill. I know I am.

Btw - Next Lockyer-2 operational announcement should be when the surface casing point has been reached (at LD-1 it was at 1,205 metres MDRT)... which took only 4 days to reach... so buckle up everyone, and say a quick prayer to the drilling Gods... may we have a great drill and be rewarded with sweet fruits of our labour.

GLTA on this journey.

Expand

Great post Brobel, took your advice and buckled up, though trying to purchase an extra safety belt (with the dip in share price) because the old operator of this ride is sure to try and spin us off our tracks!
Goodluck all shareholders of NWE but especially the holders!

NWE Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
26 Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

RCE

Recce's R327 found effective against E.coli during clinical trial

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%