Hi Grasscatcher,
I see that we did have a 0.005 buy order go through this morning and right on time our 0.004c kid jumped straight in there and dragged it back to 0.004c with a modest $1k sell order. It's getting to be a bit predictable now. I called it last week.
I'd love to buy some more to average my SP down however I'm holding on to a couple of million too many now. I'm a long time holder and have done well over the years to average my cost price down from $0.09c to around $0.03c. I've participated in nearly all of the SPP's and would be ecstatic if the SP went back to anywhere close to to my ave cost price. Our time will come.
Given the assets NWE hold in the Perth Basin, including Xanadu, Arrowsmith, Jingamia and proximity to other oil and gas fields, NWE must be the most undervalued stock on the ASX. Based on recent interest from China and others, I'm sure that this anomaly will change in the near future.
NWE Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
