What I think happened is NWC had an agreement with Euroz to promote their stock at the Rottnest conference. There was interest so, with follow-through on CU prices they decided to raise. The job of the directors is to raise funds to grow their business. They did a few years ago at 9c when there was a High Cu price (and then it fell). They're doing it now when there is interest and a higher Cu price. They don't know the immediate direction of the Cu pice and nor do we. We think we do. (and did so at the 9c raise).
I don't have the slightest problem with it. I'm here to build a Cu producer and I'm happy with progress so far. I suspect I had a little more realistic expectation of the difficulties in that than some of the earlier investors who bought the story it would take 2 or 3 years.
All IMVHO.
What I think happened is NWC had an agreement with Euroz to...
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Last
4.1¢ |
Change
0.002(5.13%) |
Mkt cap ! $116.2M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 4.2¢ | 3.9¢ | $135.9K | 3.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 859330 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 432012 | 4 |
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| Last trade - 15.55pm 13/05/2024 (20 minute delay) ? |
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Last
4.1¢ |
Change
0.002 ( 5.13 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 4.2¢ | 3.9¢ | 2495670 | ||
| Last updated 15.55pm 13/05/2024 ? | |||||
| NWC (ASX) Chart |