Good discussion going! Unfortunately its up to shareholders these days to keep ourselves on top of all things NWE!
I agree with all your points.
I do feel however, that NWE are being outmuscled by AWE and Bharat at the present time. Less of a joint venture and more of a 'do what we say, we're the experts' type scenario. The current programme and timeline makes this a very promising project for Bharat and AWE, not NWE or it's shareholders.
I do hope NWE Management are stressing this at the table with Bharat and AWE at the moment. If NWE are to operate this well their way they'll need to be stumping up some cash, (such as showing support for any future NWE raisings). Bharat has touted its desire to increase it's exposure to the Perth Basin in the past. Perhaps the time has come for them to put their money where their mouth is.
If a program is released with the clear intention of bringing A-3 into production as it's immediate goal, I'll be back on the rollercoaster (and funding secured of course).
Edit: Apologies but I do not currently hold. Force of habit that I posted I held stock earlier. I'm certainly on the look out for a good entry point in the future though.
NWE Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
