Complaints to ASIC, page-30

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StockholmRod

514 Posts.

63

29/03/23

16:53

Post #: 67026713
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Originally posted by greenleaf: ↑

Alexei ii if you do address your issues with EM, please add in the undermentioned reply by NWE to Brady (hot copper) regarding drilling updates:

NWE's reasoning regarding Nil Drilling Activity Reports is because of the reduced market capitalization of NWE today compared to NWE at the drilling of LK1 - is incorrect and total BS.

Market capitalisation is worked out by the number of share on issue x share price.

Our market capitalisation at beginning of July 2021 (spud of Lk1) was 5.073bln shares @ .01cent = $50,730,000.00
Our market capitalisation at beginning of drilling LK2 (Feb 23) was 6.900bln shares @ .069 cents $476,100,000.00

As our present market capitalixation exceeds LK1 drilling activity date by 9 times their answer offered to Brady for the Board's inactivity in drilling reports is a complete nonsense.

What is going on - another misrepresentation to shareholders. Its not all about minres - this is all about Norwest Energy - minres you are a shareholder in our Company and form part of NWE market capitalisation.

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That's a wonderful take.

As the major shareholder in Norwest Energy we should be pestering Mineral Resources to take issue with the non-performance, obfuscation of the newly appointed BOD of NWE in relation to the current drilling of an appraisal well.

Welcome to the bizzarro world.

NWE Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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