NWR 0.00% 0.6¢ northwest resources limited

Red deer, I was in a similar boat as you but I sold at a loss &...

  1. 363 Posts.
    lightbulb Created with Sketch. 192

    Red deer,

    I was in a similar boat as you but I sold at a loss & entered the market sub 10c. I intend to purchase more prior to drilling hits again (hopefully I can get sub 10c !). I dont think there are many stocks left with this market cap (limited shares on offer) & the project economics that could leave many for dead. I am not worried about management as

    # They have shown integrity in how they operate.

    # I dont want "just a geologist/engineer" employed for the sake of it - Consultants can be just as efficient cost wise & sometimes have a greater level of expertise than your own staff.

    # Sometimes following certain staff to companies doesnt always spell success - You still have to find something of substance.

    # Good projects eventually get rerated & some take longer than what investors are prepared to accept.

    # I dont like too much dilution in a company (no shareholder does!).

    I am not a day trader but I have been patient with some of my other spec stocks which have been good to me. Sometimes some "fall over" but I like this project/will stick with it.

    Spec
 
watchlist Created with Sketch. Add NWR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.