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5.6¢ norwest energy nl

Ann: Trading Halt, page-82

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Andy355

3,242 Posts.

171

04/04/22

21:56

Post #: 60644263
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Originally posted by RedRooster2: ↑

The CR for NWE was enevitable, we are a junior Explorer engaged in a JV with a bigger time joint partner who is fully funded.
The JV is announcing positive results and with that has come aggressive future drilling & seismic planning by operator. $$$$
If management didn't make the call, I would start to feel insecure.
We simply have to fund up now, take out possible variables, position up and a significant raise is required at this point. I say again at this point.!!
This is not ideal for many investors, but sure is for me and I'm sure others.
I am hoping for a piece of the CR action, as I have posted, options will suffice, but more is better.
Even if we are excluded at this point, I wouldn't be to concerned, because the company has sized up the situation and is reacting exactly as a confident invested company should.
Gotta say if it got to this stage I was always uncertain whether it would be a CR or a TO.
CASH RAISE WINS.
In my opinion so does the faithful.
More time involved, not that long.
All imo.
GLAH, go your own way.

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Always enjoy reading your posts RR and I agree with you, A cr means we are continuing on and the JV is going well

NWE Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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