NWE 0.00% 5.6¢ norwest energy nl

where is this thing going?, page-3

  1. 1,635 Posts.
    lightbulb Created with Sketch. 1

    I'd beware. There is just way too much stock out there for NWE to go anywhere. I've held it before during drilling and the existing holders just kept dumping stock onto the market.

    Even if you look at the current depth: To buy 2 Million shares will only push the price up 2c and you would need 5 million shares to be bought to move it anywhere. However if someone needed to sell 2 million shares, they would take out every buyer and still be unable to dump the stock.

    If they found something that pushed up the price significantly, you can be sure the company will dump 15% more stock onto the market.

    You'd do better in something like AWE where they already have successful operations and this discovery would be a kicker.

    Good luck anyway.

    Cheers
 
watchlist Created with Sketch. Add NWE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.