Calling a trading halt for this announcement shows in my opinion immaturity by the management of this small and fairly inexperianced co. By doing so they have highlighted the one small negative that has occured in this whole campaign. All projects of this nature experience small problems from time to time, no exceptions here.
Fortunately NWE has strong partners and Govt support and they will be working through any issues with those people who may be worried about the fraccing process which is to be used here. This is a completely different animal-not shallow fraccing as occurs in the coal seam industry but happens at great depth kms below the surface and will not be evident at the surface. Who's the concerned party? From the pub. "The Wilderness Society"
At least management have have given us all a golden opportunity to top up at a a very attractive level because nothing has really changed apart fom the fact that the core samples must be good.
NWE Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
