Good post. Sums up management
They don’t have COH ($400k as of last qtr) to develop any of NWM leases apart from the current cheaper small RC drilling due now at B. Hence the cancellations of drilling and shelving leases. Management are on idle mode and have stalled all year due to cash. NWM too risky for Capital Providers atm. No drilling. No growth. No value and some silly decisions making.
The CEO needs to go. Lacking in pro activity to develop and market NWM all whilst taking salaries. Not confident in this geo team at all. Look how well the neighbouring miners have value added and grown in the last 8 months with excellent assays returned. Great Xmas for shareholders. NWM zzzzzz!
Another placement to a broker and Sophs coming very soon. I doubt there would be any venture interest. Not with a business model comprising of zzzzz!
AMHO.
Ann: Presentation to AGM, page-3
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Mkt cap ! $14.74M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.8¢ | $23.56K | 605.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 28781 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 3.9¢ | 195342 | 1 |
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| Last trade - 15.59pm 24/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 3.9¢ | 3.9¢ | 3.8¢ | 288813 | ||
| Last updated 13.50pm 24/05/2024 ? | |||||
| NWM (ASX) Chart |