After todays sp response to fraccing approval in WA I would think it’s prudent to warn holders that there will be a significant time between now and D date for when fraccing results are known, during which time the urge to take profits will occur. Drilling delays may occur, further capital will be needed, and the overall strength of the market will play on the sp which will bring some here unstuck due to volatility in the stock price (some of this I suspect will be by design) and time taken to complete drilling programs. Im sure as do many others here see that the previous drilling program has de-risked the fraccing result and potential resources that may occur in the Perth Basin. After drilling results I expect NWE to be a lot higher than any period before at the present time.
Other conventional targets in NWE’s portfolio also add interest over time.
Looking for NWE market cap in the few hundred $M range in 12 months.
I could be wrong, DYOR.
NWE Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
