Dropped out on the last little push up, other fish to fry while this goes through the process.
while they have kept expenses under control this year, there is not a lot of joy for shareholders in the pipeline.
Still 12-18 months out before another drill, I can't see them getting paperwork done and drill rigs booked before 2016 at the rate the 3d is going.
My tip is that drill is not anywhere near ground until 2nd quarter 2016 so thats another 2mill gone before they hit the dirt again.
Only thing that is a given is a CP for salary and the paperwork bills that are coming.
England is a carrot for alisting on the AIM and we can see via the JV company that they work with, there is nothing that indicates that this is going anywhere in the near future (2 year outlook).
I noticed that this last lot of paperwork lists only 4 employees, but that is a little misleading as there is actually more "consultants" attached to this company but the costs are buried deep in the accounting. (refer to Linkedin for people who say they work for NWE).
Will leave it in a watch list and watch for it to get played which will indicate the pump for the CP. Might be worth trying to get some losses back otherwise put this deep down under the other paperwork and chalk it up as a "wanabee, couldbe, goingtobe"
I note that the Germans are not that interested in it (NUX)
Dropped out on the last little push up, other fish to fry while...
Add to My Watchlist
What is My Watchlist?