DRILLING UPDATE, page-87

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alexei ii

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04/04/23

14:56

Post #: 67129378
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Originally posted by phx: ↑

re disclosure, or more correctly the non disclosure on LD2.

As Alexii explained in an earlier post - LD1 was an exploration well.
LD2 is not an exploration well, it is to prove up the size of resource.
A big difference in LD1 & LD2.
It is not hard for the BOD to argue different disclosure on that basis alone.

Also, BOD has argued the MC of NWE has increased nearly 10 times from LD1.
I don't find that very persuasive as this is the only asset and they are drilling.
But, they have an argument that they can press as reasonably held.

Also, we don't know what information MIN is passing to NWE as part of the JV.
By this I understand MIN have the information, but I am not sure when they technically have to pass it on to NWEunder the JV agreement.

Those of you waiting for ASIC to do something re disclosure are just stressing yourselves needlessly.
Nothing will change, unfortunately.
There will be people in at MIN getting their daily chuckle out of some of these posts - not fair, but it will happen.

I agree MIN have a goal with the non disclosure, but on this issue we will not change anything.
Hold tight, chill out, grab a good scotch or red (perhaps both), and a bit of patience.
We will get there.

GLTAH

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I disagree.

We are in the early stages of the appraisal programme. The info release needs to be continual and timely so as not to disadvantage any SH.

You need to do the work for them. but if you hand it to them on a plate...ASIC will chew it up and spit them out.

Last edited by alexei ii: 04/04/23

NWE Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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