Australian (ASX) Stock Market Forum

NWR - Northwest Resources

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I managed to scrounge up a heap of $$ and bought as much of the offer as I could, then sold 3/4 of the shares I got, so now I still have a heap of shares and oppies for nix...very happy and have paid back the credit card, just a shame my credit limit wasn't a lot higher.....:).....holding long term on this one...
 
LifeisShort said:
Bit of a move today and yesterday. I suppose its gold moving in the right direction has a good effect.
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The weather has moved in up there, so I suspect drill report up their sleeve.Cheers
 
G'Day

My brother put me onto this forum. I have been interested in reading all your comments about this stock. I Have been in NWR since the beginning. It's certainly been an interesting two years for me.

Having previously worked in the mining Industry (Now in the Ag sector, counter cyclical perhaps?), I would like to bet that a company like NWR with good acess to drilling equipment would like to expand it's tenements. Wedgtail probably probably has the same idea of NWR now that it has proved up 250,000 ounces. Of late I have been looking at tenemants of GDA that border NWR, has anyone with any geological experience looked at a these boys. They seem to me to be a company that sticks their hand out and eats up its shareholder's funds. Very little drilling activity up at their Nullagine tenements. They have just had a entiltment issue at 1c with an attaching option for every two shares. Shares are trading at 1.2c with next to no volume.

Look forward to your comments
 
Has anyone seen apart from DJ Carmichael report any other research notes on NWR? If so can you please share it?

Bush Trader....have you worked around the area of NWR, WTE etc?
 
High gold grades. Only seen the DJ charmicheal report. Seems very high resource base. Looks like it could become major gold producer. Worth it at this point here. Check oppies. nwro - little time or volatitlity premium to heads.

This is a 1 in a million hope, but the two downward plunging 'lobes' seem to be open towards each other. What if they drill in the center and find it is continuous? One in a million, but would make resource base go up 10-100x ..... :rolleyes:
 
Is this company actually doing any drilling. Very bad PR over the last couple of months. Are you guys disappointed with the performance of this share like I am? :mad:
 
lansing said:
Is this company actually doing any drilling. Very bad PR over the last couple of months. Are you guys disappointed with the performance of this share like I am? :mad:
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75% share price growth in the last half year does not have me disapointed personally.
 
Lansing.....what a wierd post....dont you know a major share holder owns the drilling company and that they just raised capital to drill more?

Still waiting on the rest of the drilling results which we all expect soon ...... and whats wrong with 75% increase in 4 months......my bank wont give me that......:p:
 
Pacer: "Still waiting on the rest of the drilling results which we all expect soon ...... "


There are two possible scenarios at foot here.

Either they are attempting to time the drill results with some upward momentum in the gold price, or the last round of drilling has not been as positive as expected. There have been plenty of meters drilled since the last report on the 30th of November.

Good results normally cause the share price to rally just prior to the announcement, as you would note prior to the last 3 announcements, and then consolidate post announcement. No rally as yet however.

I hope it's the former.
 
Very doubtful that they have found anything decent in their drilling. They were meant to make announcements a month ago and nothing has happened.

I think real bad news is just around the corner. Look at companies like BDG and BMO falling over - it's getting really bad for gold companies.

Unfortunately I feel that NWR is going to go the same way which would be terrible news for holders.

Good luck - but I'm bailing out pronto!
 
I haven't jumped out of this share- I continue to hold having bought in at 26c. So far they have yet to post any disappointing drilling results. The fact that they have granted mining leases (simplifies regulatory procedures if they re-start mining) and a processing plant in place on the site only sweetens the picture. This deposit is also extraordinarily high grade by modern standards at around 38g/t Au. Their most recent market-sensitive announcement (30th Nov 06) is of a new discovery of a gold shoot near one of their existing resources- that doesn't sound too negative to me.
 
Bush Trader said:
Pacer: "Still waiting on the rest of the drilling results which we all expect soon ...... "


There are two possible scenarios at foot here.

Either they are attempting to time the drill results with some upward momentum in the gold price, or the last round of drilling has not been as positive as expected. There have been plenty of meters drilled since the last report on the 30th of November.

Good results normally cause the share price to rally just prior to the announcement, as you would note prior to the last 3 announcements, and then consolidate post announcement. No rally as yet however.

I hope it's the former.
Click to expand...

I had a large position in the oppies and bailed out in early December. Conversations with management about the much ballyhooed drill program on the shears told that somethin was not kosher and that basically revolves around a companys' duty of timely disclosure. IMHO IF the drilling was really hot the news would have come out really quickly (some of this drilling goes back very early into the December quarter).

The very large share issue was well recieved by a number of brokers who made good commissions here on a very oversubscribed issue. Unfortunately the market is now soggy with fresh paper and lots of gold stocks look postively stagnant when measured against the very bullish Uranium sector.

I hope the drilling news will be good but there is a lot more fun and money in trading the likes of GSE, AEE, MKY, ERN MRU and a host of others.
 
I found out some mail on the drilling this afternoon, apparently they are waiting on two diamond drill hole assays to complete the picture. This makes me a lot more comfortable in the time delay on all the results

Looking forward to it.

Cheers.

PS off the topic any clues on the GDA screaming price this arvo?
 
Sydneysider is the best authority on any of these forums and if the sider is out then I'm out too. This company is in big trouble :mad:
 

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