I pipe in here too..while disappointed at the price it is, not too concerned as have followed other stocks that have been in same boat.
(with that in mind if you are trading its a different game and of course you are going to be having the stress of short in and out to increase the holdings.)
I disagree with the posts of so called "Bad Management". As yet they are not given me impression of being a group of professional white collar directors that have setup NWE as a trough in which to feed. But have done the deals to make this a solid company in to the future- resource permitting. I suggest you do your research on what they have done or are still doing before you go shooting off your fingers from behind a computer screen..
NWE Directors are out there playing the game, doing the deals and are HEAVILY involved in ongoing working companies, not just NWE.
Peter has recently dropped his non-executive director role Rose Resources Inc so with a bit of luck directing his energy in to building NWE in to a solid play. changes to the Board of Directors.
Do your own research on the companies that are the drivers of this company are involved in. Michael John Fry Red Fork Energy Limited Liberty Resources Limited challengerenergy.com.au
Peter Lawson Munachen, Austral Africa Resources Ltd
Henry David Kennedy Pan Pacific Petroleum NL, New Zealand Oil and Gas Limited, Mineral Resources (NZ) Ltd Otter Exploration NL.
So to finish this up, I would say that in the not too distant further we will see some sheets like this made up and presented, Its just taking a bit too long for it to happen for many..but with that in mind I am sure the JV partners already are seeing tables like these. Thus are still supporting the development of NWE and this well..
these are taken out of Challenger energy presentations.
NWE Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held