NWE 0.00% 5.6¢ norwest energy nl

Laser - if you watched the "rally" yesterday - it was possibly...

  1. 2,057 Posts.
    Laser - if you watched the "rally" yesterday - it was possibly one of the weakest I've seen in a long time - it took VERY little time for some big sellers to pop up - we're talking a matter of minutes, not a day, not a half day, not a few hours - MINUTES.

    Bottom line - people are looking to exit simply because there's money to be made elsewhere AND the financial situation of NWE isn't good.

    Sure there's all those announcements due - but how will they fund pretty much ANY of what those ann's propose?

    That's the multi-million dollar question that's hanging here - and until that monkey is addressed - holders are going to want to sell in anticipation that an additional cap raise is on the cards.

    In a market of uncertainty - in a sector that's been shunned - having big dreams with nothing to back it up - that'll get you nowhere fast.

    TBE - sorry mate - it looked like you were referring to TBE - my apologizes
 
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Currently unlisted public company.

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