Wasa my statement was the same as yours, in my personal view...

Wasa my statement was the same as yours, in my personal view only... I do not think that "everyone" already knows or believes the same as i do, otherwise the SP would be derisked and it would be where we hope it to be... Currently i see it as a lack of understanding by the broader australian market regarding shale and also a matter of timing, as there are other companies out there that have things going on that will land before ours does, now.

This forum has a handful of posters that regularly put forward quality information regarding the activities of NWE, however it appears to me that a lot of the posters either do not put in the effort to learn what those activities are, what the implications are to the project or for that matter what shale gas even is... You dont have to go too far through the NWE threads to find lazy questions by posters trying to make a very quick $ over night with minimal input into research. Hence the panic when "water" was mentioned a while back... But this is the same with a lot of stocks i read.

The lack of understanding of shale gas in the Australian market has been highlighted by many a poster trying to explain that the unconventional gas play in Australia is not understood by the broader Australian market. This is part of an explanation to the current SP of NWE among a variety of reasons as to why it has not gone gang busters on the sniff of gas like in "the good ol days" (pre 2007 GFC i am guessing)...

d_c for one has highlighted many reasons in the global economy before, which combined with the lack of understanding, forms the overall picture... Those with the knowledge and the B.O.S. to get into this industry early will make a motza... This industry is brand new in Australia yet the ability to value add to the gas product is enormous. The fear, hence reluctance, is an over hang to glut supply and decrease in $/1000cft in the states over the last few years, IMO.

YE, to answer your question, everybody gets the entry point of stocks wrong every now and then, myself especially. However the FOMO (fear of missing out) always seems to over ride the patience required to enter at a more attractive level... If that money, which was spent on NWE shares @ 8.7c, was supposed to pay the rent or medical bills then your right, there's little sympathy from me for that sort of "investing". You are right though that it is frustrating that we are now going over plowed ground, however it does provide opportunities for those looking to enter.

The SP could have easily gone the other way after the quarterly and they would have made good money buying in @ 8.7c, them the breaks.

To put it back in perspective and like i was trying to say in the first place, anything under 10c will be good buying once the resource estimate for gas and now oil are released.
Above 10c is 0.5c tic's which will make most early entrants portfolio swing wildly in $ value but not so much in % value, IMO again.

Good luck all...

TY