David, how can you deduct that only one or two of the fracked structures are commercial from the limited knowledge yourself have professed to of this industry? then conclude that is why SP pull back?
that statement is so wrong and I am surprised some of the regulars haven't debunked it..
Tip for the day.. research the industry before you invest and post..
As to price pullback..SEDIMENT.. runs a stock up and down.. considering that NWE is not producing anything and not likely for another 2-3 years..I wouldn't be surprised to see it pull back to 2`s..thus that's why many didn't buy into this cap raising.
As stated before, regurling the same statements only reworded can only have so much effect on the price. so at least we have seen some positive work releases..but the next few months have to inject some excitement that is going to last until mid next year..and these are going to have to include solid 3d projections with estimated forwarded drilling prospects over this lease plus the expected expenditures needed to turn this into another important Australian resource of energy..ie..going beyond the proof of concept stage and showing the market that with its partners it will be an important producer in its own right. how much watering down of the SP this is going to take is yet to be discussed..
NWE Price at posting:
2.5¢ Sentiment: LT Buy Disclosure: Held
