The concern for me is the continuously extending timelines. I absolutely realise that things often take longer than expected and problems arise from time to time but the lack of clarity in communication and the ever-extending timelines are not great for market sentiment when they occur consistently. Whatever way you look at it the last announcement was just not very convincing and lacked the conviction that would have sustained or driven the shareprice in the short term.
That said if you are in for the long term then this is definitely an opportunity. If you believe in the resource (or 27% of the resource at least) then fill your boots I say.
In the short term though it's pretty uninspiring for mine.
NWE Price at posting:
4.2¢ Sentiment: None Disclosure: Held
