NWR - Northwest Resources

[LifeisShort]

This is still a relatively unknown stock and as such it'll take before punters out there have a look at it. I remember getting into BMN before the word went out there and its now some 500% ahead. Good movement today but still market cap is in the 20 million range fully diluted, which is quite small.

 

[pacer]

Just got the prospectus for NWR....

I will be taking up my entitlements, and will also be applying for more, probably as many as I can afford...we have 10 days to to send off the check....

I see the value in these even if the share price was to fall to 28c.....given that the oppies will be worth something aswell.

The only problem I can see is if all the entitlements aren't taken up (SP willl drop).....But if it is over subscribed then the SP should rise or at least maintain it's current levels.....That's the chance you take with the offer not being underwritten.

Looking forward to reward.....this'll be my Xmas pressie to myself for being a good boy all year...hehe

 

[LifeisShort]

I'm taking up mine as well plus will ask for more. I think this might be well supported due to the free oppies bandied about.

 

[saltyjones]

the punters are pushing the sp up these last couple of days. i assume it is due to some overdue announcements from the 18000 metre drilling campaign.

 

[sydneysider]

News is coming. IMHO it should be very bullish

 

[Raging Bull]

News is out.. New Discovery at Blue Spec

 

[sydneysider]

Interesected verticle plunging shoot system at about 120 meters true depth. Major interesection is 25 meters at 4.32 g/t which also includes a n 11 meter intersection at 7.53 g/t.

The new system is called Blue Spec East and is located 400 m from Blue Spec. Drilling makes ALL of the +3o targets on Blue Spec and Red Shears very prospective.

 

[samson]

Yet the options are dropping? They're now at a discount to the FPOs. I'm pretty sure they're a 20c strike?

cheers

 

[white monkey]

Yep, grabbed myself some at 17cents only to see them drop to 15 cents seconds later

 

[samson]

Grabbed myself a few too WM, hence my surprise I picked them up so quickly at 15c, when the FPOs last was 37.

What's the catch

 

[maffu]

Grabbed myself a few too WM, hence my surprise I picked them up so quickly at 15c, when the FPOs last was 37.

What's the catch

I have no idea how Company Options work, but assuming they are priced in the same way as Exchange Traded Options, then Volatility is a major determinant of option price, so after an announcement is made, the shares are less volatile and the option will lose value.
http://www.investopedia.com/articles/optioninvestor/02/031102.asp

 

[LifeisShort]

Keep the good news coming.... This stock gets better and better, lots of positives not too many negatives.

 

[x2rider]

hi folks

Um slight problem. My letter has just arrived in New Zealand for my uptake of options and shares. Any Ideas how I can get my money and form into the office by friday ?
Any help would be appreciated.
Thanks Martin

 

[Wilson!]

Fedex?

 

[Caliente]

Express Sheep and Camel?

 

[LifeisShort]

Yes, fax it to the registry with the copy of the cheque and send it express post. It works on most occasions but its at the discretion of the company whether to accept late applications. It works most of the time (I work with corporate actions all day everyday).

 

[Wilson!]

Didn't anyone see Castaway?
Fedex...Wilson...geez

Thought it was at least worth a grumble

 

[LifeisShort]

Some biggish trades have gone through today......interesting. Could this be a precursor to the days ahead?

 

[LifeisShort]

Did anyone see the article in Fin Review from Saturday, stating that NWR was one of the stocks to watch in 2007? Very promising and it probably resulted in its price jump today. Good to see NWR being touted as one of the best stocks to follow in 2007.

 

[Morgan]

Yep, the article was also keen on BMN, AOE and HAV.