NWM 9.38% 3.5¢ norwest minerals limited

Ann: Trading Halt, page-7

  1. 3,441 Posts.
    lightbulb Created with Sketch. 1758
    Yea, agree......these BOD have been stalling for ages now. "Return sometime during 2024, planning, assessing, earthworks, analysing, studies"....... all BS. Wheres the drilling !!!

    Terrible track record so far:
    *Every assay returned has been a duster and the SP tanks.
    * Cancellation of programs
    * Reduction in programs
    * Low pro activity by the BOD.
    * Errosion of growth value and leverage.
    * Negative growth since the IPO
    * Months go past of silence.
    * 2 small drilling programs in 23

    Anyhow see how this CEO spins this announcement and some movement at the station with a definitive schedule. They need to raise a solid amount to sink their teeth into a good full drilling program that returns viable results.

    In the end the drill bit talks the talk, the lack of drilling and growth results through 23 has hurt the MC and investors confidence with this BOD expertise and their duty of care towards their shareholders deminishes

    Look at their neighbours. ENR WA1, Both have added excellent value to the MC, pro active, can do management that provide price sensitive announcement with good COH and well timed CR.
    NWM...zzzzzz
 
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