Even though the recent rise has been great (for shareholders) the inevitable equity raising has me seeking a cautious stance. It is clear that equity will need to be raised. The only question is how much and at what price. The stock price could get smashed on this basis alone so I will not be surprised to see the stock price drop due to investors betting on re-entering at a cheaper price. I am confident about the long-term future but in the short-term, it is purely a gamble to pick the right price to buy/sell.
NWT Price at posting:
79.5¢ Sentiment: None Disclosure: Held