Philarmonic: Indeed, NWA is a highly speculative stock. I tend to agree that a positive ann. can easily put 1c higher value on this share at least...
But I also look at it from the other end: How much lower can this stock really go, i.e. what is the basic value of this company? I would not want to assume that NWA is worthless. So, max. downside is possibly also 1c but upside seems more likely/logical, especially IF (or hopefully when) we are getting the news about the AIM listing. All JIMHO, of course.
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new world alloys limited
approaching mid october, page-4
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Ron Miller, Non-Executive Director
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