Like every "speccy" Norwest Energy has its fair share of spruikers on Hotcopper; we are constantly told that the company's fortunes are about to change, there is always the next big thing [the NWE narrative is currently being repositioned away from the Arrowsmith plughole to the Isle of White's way undervalued hydrocarbon potential in the UK]; all shareholders have to do is maintain the faith, contribute even more cash to capital raisings to fund the lunches and the drills, the endless seismics...
This has been going on for years and years; for most part the business model seems to echo the thinking Mel Brooks brought to bear when he raised superflous funds to back a meant to fail broadway musical "The Producers" ; only in NWE's case there does not seem to be a surprise ending with an hilarious Hitler like character coming out on stage and winning the hearts of the audience/shareholders over thus turning the turkey into an instant smash hit.
It's springtime for Norwest Energy.
NWE Price at posting:
0.6¢ Sentiment: Sell Disclosure: Held
