NWR 0.00% 0.6¢ northwest resources limited

positive technicals, page-8

  1. 5,732 Posts.
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    It's only a (short term) automatical analysis on these website.

    Done by computer other than brokers, but for the short-term trading, it is more reliable than the broker's suggestion.

    it is not suitable for lone term holder. I know what happened to VPG, actually the shareholders were too greedy.
    The computer recommend a "strong buy', when SP was 4C, but they traded the shares up to 12c.

    As for NWR, it only has 130 million shares on issue
    (can be a buying target anytime), the only problem is the uncertainty of lowerside reserve, although they got a very positive result already.(2.5m at 146g/t).

    NWR has an plant with capability to mine up to 10000t/a, so it has aother plan to mine the upperside at 30000 ounce/year. This is achieveable and profitable at current gold price level.

    AUD is so low, I think NWR can finally find a investor from overseas, other than a partner.




 
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Currently unlisted public company.

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