Anybody there who ever thought why NWA after a huge capital raising trippled and had a small 10% correction yesterday. The answer is copper smelting facilities on care and maintenance basis and exploration tenements in the DRC, Democratic Republic of Congo.
Copper had a 10% correction on the LME but after todays LME's copper inventory drawdown we saw that copper prices stabilized. In Australia stockprices will explode on announcements of 5% copper discoveries. I know that in Katanga, where NWA holds its tenement leases nobody gets excited when copper grades are less than 30%. Now one and one makes three. Their succesful capital raising provided the means to explore and in the meantime their copper producing facilities enables them to choose a partner with the right financial backing. Look at anvil mining (avm) they are in the same country and see what they have done.
Klaas
NWA
new world alloys limited
Anybody there who ever thought why NWA after a huge capital...
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