Yes cap raising has dropped share price. Will it go down further? Don't think so cause this level is good entry point for newbies, or re-entry for those that rode the stock up and made some money.
Why? More things certain and time to unveiling size of gas a lot closer. Frac program in place and with successful spp cash position not in doubt. Pretty much all you could hope for: speculative stock becoming less speculative. I bought in on Friday at $0.051/share.
Do your own research.
NWE Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
