There are many buyers wanting to get set well before drilling. The buyers outnumber the sellers by a significant margin. Most hoping to buy at .003 and maybe offload for .004 or better before drilling.
Personally, I think the chance of success is high and NWE provides one of the best risk/reward ratios of any Oiler on the ASX . I have given up trying to buy at .003 and have started accumulating at .004.
The closer we get to drilling the firmer the price will become . In the event of a discovery , I would expect the price to move upwards in a range from .03 cents to .05 cents and further in the event that the expected market for gas wants our reserves.
- Forums
- ASX - By Stock
- NWE
- Many Buyers
Many Buyers
-
- There are more pages in this discussion • 116 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online