NWR - Northwest Resources

[jtb]

Have sold some of my u stocks to buy some oppies in NWR. IMHO the U's are getting a little overheated and its time to hunt for "value" amongst the gold orphans while the gold price is hot. A very interesting commentary is included in the recent quarterly about horizontal strike zones. NWR recently drilled three dd holes off the Eastern margin of Blue Spec between a depth of 325 to 425 meters. One of the holes stepped out to the East from the main vertical vein system about 25 meters and struck the typical outrageously high gold grades found within the vertically plunging system. NWR have restarted drilling on this new horizontal strike zone. IF this horizontal zone continues out to the East it will very dramatically increase the number of high grade ounces in Blue Spec. IF the gold zone goes out by hundreds of meters then NWR will become another Avoca.

Welcome back , I punched a lot of holes down out there and some of the mineralisation can be quite spectacular.

 

[LifeisShort]

I'm tempted to buy into this company but if it's such a great prospect why is the share price lagging so much? That makes me very nervous. I don't like to be nervous when I invest in a company

It's consolidating around these levels. I'm comfortable with this stock as it doesn't race crazy on nothing, it only moves on announcements. Clearly its still a very unkown stock but read bush traders comments and make your own judgements.

I think it should be a good year for the company and I'm not a seller...long term holder

 

[pacer]

Welcome back , I punched a lot of holes down out there and some of the mineralisation can be quite spectacular.

JTB.....you have only posted here twice on NWR.....what do you mean by this comment....do you/have you work there? as a Driller?

If I could afford more I would be in with a grin.....

 

[jtb]

JTB.....you have only posted here twice on NWR.....what do you mean by this comment....do you/have you work there? as a Driller?

If I could afford more I would be in with a grin.....

Yeah mate only RAB and aircore as gold was <$300 and the juniors were very conservative with their dollars. Still got some lovely little bits of core with the aircore blade. VG (visible gold) is a beautiful thing in the wet greenstone.

Bought a house in August 2001 and got smashed in the market fallout (of 9/11) the next month So I chucked it in and came home.

Still miss it.

Particularly the inside info

 

[Bush Trader]

Yeah mate only RAB and aircore as gold was <$300 and the juniors were very conservative with their dollars. Still got some lovely little bits of core with the aircore blade. VG (visible gold) is a beautiful thing in the wet greenstone.

Bought a house in August 2001 and got smashed in the market fallout (of 9/11) the next month So I chucked it in and came home.

Still miss it.

Particularly the inside info

Any good at fishing bogged rods out of a "big" hole? If so you'd better send them your resume.

Cheers

 

[punterpete]

I've just been reading some of the other share forums and it seems every man and his dog are dumping this share stating that they don't believe the drilling results will produce anything.

That raises a red flag for me so I won't be dipping my toes into this one any time soon.

 

[Bush Trader]

I've just been reading some of the other share forums and it seems every man and his dog are dumping this share stating that they don't believe the drilling results will produce anything.

That raises a red flag for me so I won't be dipping my toes into this one any time soon.

Thats fine Pete, look at the history of this stock 1) excitement 2) share price moves higher on small volume 3) news released 4) consolidation 5) boredom and impatience 6) softening share price on larger volume and then the cycle repeats. Stage 6 and 4 are the times that I use to buy more, as they used to say in WA "No Rush in the Gold Rush" Let them sell!

Cheers

 

[LifeisShort]

I've just been reading some of the other share forums and it seems every man and his dog are dumping this share stating that they don't believe the drilling results will produce anything.

That raises a red flag for me so I won't be dipping my toes into this one any time soon.

I'm sure everyone of those peeps was an expert and been out there, spoken to management and knows the ins and outs of the company......in otherwords make up your own mind, do your own research and read each comment with the disdain they deserve because none of the peeps on here or anywhere else have a disclaimer that their opinions are gospel......

Its like bush trader said.....

 

[sydneysider]

I've just been reading some of the other share forums and it seems every man and his dog are dumping this share stating that they don't believe the drilling results will produce anything.

That raises a red flag for me so I won't be dipping my toes into this one any time soon.

IF you rely on the comments of "everyman and his dog" u will be lost. Dogs are not very good traders and poor everyman sells at the bottom and buys at the top. I sat in the bid column on NWRO all buy myself for three days at 16.5 and collected oppies in small parcels, then the lonely seller moved to 17 cents. IMHO this last move from 41 down to 34.5 on the fully paids was the final round of exhaustion selling from stale bulls. Turnover on most days was around 250,000 shares and it bounced nicely off support on Friday when the volume tripled. The stochastics are extremely oversold and buying on a support line in a very oversold condition is a chart technicians perfect entry point. The fundamentals look extremely bright with spot gold hitting US$670 to-day. There are at least two brokers in WA who have issued detailed buy recommendations on NWR and John Merity who runs NWR from Sydney is very approachable and very conservative in his approach to drilling out resorces while being very aggresive and innovative in his approach to exploration. NWR is probably the only junior in Australia that is running "round the clock" drill programs on the Spec leases. Most of the other specs manage to pick up a few rocks and drill a few holes every six months. NWR has a director who owns a drill company and that places NWR at a very competitive advantage. I have avoided all of the golds until the last two weeks switching into NWR and HLX. One bet is already screaming, the second will follow shortly.

 

[samson]

I've just been reading some of the other share forums and it seems every man and his dog are dumping this share stating that they don't believe the drilling results will produce anything.

That raises a red flag for me so I won't be dipping my toes into this one any time soon.

There are an equal amount of shares being purchased as being dumped and the sp hasn't moved much....

Joined a few days ago Pete, moderators must have terminated your other accounts ie hirelm, pauldoherty, bronson, backtobasics, samsungdvd, lansing


Cheers

 

[saltyjones]

I've just been reading some of the other share forums and it seems every man and his dog are dumping this share stating that they don't believe the drilling results will produce anything.

That raises a red flag for me so I won't be dipping my toes into this one any time soon.

the posters on other forums state quite the opposite, punterpete. except yourself & the ccuisser at TS - the anxious ridden holder of a ficticious 100000. even those who state that they are selling down also note that they remain optimistic of the co.'s future. but that other remarkably prosperous opportunities have surfaced elsewhere while waiting for NWR drilling results.

 

[pacer]

Recon they are holding back the results to pick up cheap shares, this is a tactic I have seen before...you're not getting mine...I keep holding and accumulating...we're not far away now...hehe

NO NEWS IS GOOD NEWS.......for me accumulating...lol

 

[Bush Trader]

The smaller traders have bailed on apparent lack of confidence, which has given those of us with a long view an opportunity to accumulate some very cheap shares. The reason for this post is that some larger volumes are starting to push through i.e. 300,000 sold @ 12:50 pm at 33c, which is a good sign and volumes on the offer side are starting to grow on what has been a very soft couple of days. For those that are still long, keep your chins up and take the opportunities as they arise. We are better off with are shake out of the fait hearted. Remember there are new institutional investors on board @ 31c.

All the best.

 

[pacer]

I heard the results might be in next week....get the Champagne ready.

 

[sydneysider]

Recon they are holding back the results to pick up cheap shares, this is a tactic I have seen before...you're not getting mine...I keep holding and accumulating...we're not far away now...hehe

NO NEWS IS GOOD NEWS.......for me accumulating...lol

NWR received the balance of the assays on the shear zone drill program late last week and will release the results and associated commentary next week. IMHO NWR is sitting on a very major strike zone. The shear zone continues East into Wedgetail's property next door. WTE has its richest open pit deposit sitting on our boundary and IMHO the whole shear may be populated with millions of ounces of open pittable and high grade underground ore (like Blue Spec). There are already multiple open pittable JORC resources that run parrallel to this zone and are located over many kilometers both North & South that are located on WTE ground (see their very recent Media Presentation) and on NWR ground further South. In a screaming gold market NWR might just surprise everyone...the sleeper that screamed.....

 

[pacer]

I'll toss a coin for which share I top up on next week...all mine have announcements due and i don't want to miss the big one...what a dillemma!


I like NWR, but do I have enough?, and what are the sneaky beggars doing holding back the results so long?, are the questions that come to mind.....

this is like being at the casino.....I have enough.....others have more future potential.....I hate Casino's.....hold these and top up on others is sensible.

any advice or inside info would be welcome this week....lol

 

[jtb]

I'll toss a coin for which share I top up on next week...all mine have announcements due and i don't want to miss the big one...what a dillemma!


I like NWR, but do I have enough?, and what are the sneaky beggars doing holding back the results so long?, are the questions that come to mind.....

this is like being at the casino.....I have enough.....others have more future potential.....I hate Casino's.....hold these and top up on others is sensible.

any advice or inside info would be welcome this week....lol

I hear you brother.
Sydneysider kept buying the options out from under me on Friday so I hope its an omen and not my bad luck.
I'm trying to top up on my oilers at the mo' also.
Damned if you do and damned if you don't

 

[sydneysider]

I hear you brother.
Sydneysider kept buying the options out from under me on Friday so I hope its an omen and not my bad luck.
I'm trying to top up on my oilers at the mo' also.
Damned if you do and damned if you don't

There are a few oppies left at 16.5. Major report should be out sometime this week. Good luck to all longs.

 

[sydneysider]

To-day was an excellent opportunity to load up at lower prices on a top class gold company. Bought stacks more oppies. Gold is rising and trading around US$672. Remember where it was before Christmas?

 

[LifeisShort]

To-day was an excellent opportunity to load up at lower prices on a top class gold company. Bought stacks more oppies. Gold is rising and trading around US$672. Remember where it was before Christmas?

Hopefully that correction today got rid of the pretenders and speculators and left just the long termers