If the test is good, then the shares will go up.. If the test is bad, then the shares will go down..
You can't pay for that genious :) Oh actually, people do everyday though their brokers!
But seriously, I think the scope for substantial downside at the moment is a bit false. I am expecting the price to fall on an issue. No company is successfully run on fumes and there will be weakness followed by strength with the testing program.
If I was going to make a call, I would expect the share price to hit 9-10cents post dillution on the back of some good results. Before that we might find ourselves sub 6 cents when(perhaps) we have a raising.
TBE,
Cheers. Wrt to your Q on the other thread, I think I have previously posted 1.5-2.0mmscfd as a starting point so I have to stick with that. If we got anywhere near that mark then I think NWE is looking pretty hot.
That said, making any prediction now is next to worthless as there is two different types of gas they are tapping in the well, which require different production techniques. I am more interested in the shale result.
Cheers,
SF
NWE Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
