If their trading $50, there's not a lot of chance to get out here. How many unmarketable parcels are there now?
At these levels and with the POO still falling, it's all over. Mid tier Energy companies with producing assets are trading at half or one third of what they were 18 months ago.
Hate to see people do their money on any stock.
What I could never understand about this stock was the gap between developing the resource and the funds required to do this were almost certainly, never attainable for a small company. It was hard enough for ASX juniors in the domestic space, with conventional plays, to make the transition to becoming a producer.
NWE Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held
