NWR - Northwest Resources

exgeo · 29 January 2007

You've obviously never come across Warren Buffet's quote which goes something like: "The stock market is a very efficient mechanism for transferring wealth from the impatient, to the patient".

ELK, which recently reported some far better news (in context) than NWR took about a week to react. They also dropped about 10% on the first day I think. Today ELK are up 15%, and 30% since the announcement sank in. Perhaps people just need to ruminate over the weekend? Maybe a de-ramper sold 3 shares at the last moment on a wide spread and it closed down a touch?

maffu · 29 January 2007

samsungdvd said:
Why would that happen if the news is good? This is really confusing and frustrating

Hmm it peaked at 41c today after the announcement was made. Since then it dropped down to .365 which is a bit disappointing.
Is this just profit taking, or was the announcement below expectations?

LifeisShort · 30 January 2007

Buy the rumour sell the fact. Its been happening quite a lot lately to a lot of spec companies where the share price runs and then when the ann comes out it drops

pacer · 31 January 2007

Time to down-ramp...to make up for my up-ramping.......visible gold can mean 'nuggety' gold which is hard to process....other compnys have fallen over on this one point....

Otherwise I'm quite up beat on this one.....got a caution from my last post.....

I'm still happy and it still has a large parcel in my portfolio....incl. nms,and sla, and.....I wont give all my secrets away....lol

P.S. SLA is for my alchohol soaked liver....up 10% again today just when I wanted it to fall a bit more, to pick up a few more.......

saltyjones · 1 February 2007

the nuggety gold & antimony was mined very successfully in the past. should be no probs my man.

LifeisShort · 1 February 2007

Should be an interesting year drilling wise that for sure. It might be a bumpy ride but hopefully a happy one. Delta securities have a 45c price target but if the drilling is succesful then things might change. Let the drilling begin!!!

stiger · 2 February 2007

LifeisShort said:
Should be an interesting year drilling wise that for sure. It might be a bumpy ride but hopefully a happy one. Delta securities have a 45c price target but if the drilling is succesful then things might change. Let the drilling begin!!!

Held up ok today on 800k+turnover I feel there are much more profitable days ahead.cheers.I hold

saltyjones · 2 February 2007

lifeisshort.....you mention : 'let the drilling begin". i'm still waiting on late 2006 drilling blitz results. so far they have only told us about a new find called blue spec east & more diamond drilling from the blue spec. lot more info in the pipeline coming out in the next few weeks. if there are more deposits found then sp will spike for sure.

LifeisShort · 3 February 2007

saltyjones said:
lifeisshort.....you mention : 'let the drilling begin". i'm still waiting on late 2006 drilling blitz results. so far they have only told us about a new find called blue spec east & more diamond drilling from the blue spec. lot more info in the pipeline coming out in the next few weeks. if there are more deposits found then sp will spike for sure.

Yes the 2007 drilling campaign. Yes I realise we haven't got back the info from late 2006 but i'm already looking forward to 2007. I have a good feeling about this one.

saltyjones · 3 February 2007

LifeisShort said:
Yes the 2007 drilling campaign. Yes I realise we haven't got back the info from late 2006 but i'm already looking forward to 2007. I have a good feeling about this one.

a good feeling about the co. in general or that the new campaign will hit something out of the ordinary?

pacer · 4 February 2007

Salty....drill results have all been out of the ordinary......I am up to my eyeballs on this one and NMS and SLA .....and I have feelings that all will do well....even been pinching a few grand from my CFD account to have punt....naughty me...lol

saltyjones · 5 February 2007

pacer said:
Salty....drill results have all been out of the ordinary......I am up to my eyeballs on this one and NMS and SLA .....and I have feelings that all will do well....even been pinching a few grand from my CFD account to have punt....naughty me...lol

drill results have been exceptional for sure, pacer. if green spec drill results come up with high grade gold & new deposits are found along the blue spec & red ribbon shears - which seems likely - then NWR is going to spike northward. you might only need 3 -4 shares to pay back the CFD account !!!

punterpete · 6 February 2007

Hi

Are these drilling results expected shortly?

saltyjones · 7 February 2007

punterpete said:
Hi

Are these drilling results expected shortly?

overdue i anything. but lots are coming & possibly all at once so that a broad overview is announced about new deposits.

LifeisShort · 7 February 2007

I wouldn't worry about NWR and results, they are sinking nearly all their cash into drilling so there should be a constant flow of drilling news over the course of the year. Obviously everything is delayed with labs so patience is required......I've never seen a patient day trader....its like an oxy moron

Bush Trader · 7 February 2007

LifeisShort said:
I wouldn't worry about NWR and results, they are sinking nearly all their cash into drilling so there should be a constant flow of drilling news over the course of the year. Obviously everything is delayed with labs so patience is required......I've never seen a patient day trader....its like an oxy moron

I think they'll save some of that cash for extraction as well, all those that are in this for the long hall should see these short periods of SP weakness as an oportunity.

Before the two placements (1st of which went wrong because the lads whoever they were dumped the shares back on the market causing the fall fro 25c to 17c) I purchased shares at 27c only to watch them get debased, I also purchased at 24c, 20c and 17c. I don't regret any of it. All those that watch this share know that it now has very solid support at 35c, well above the 31c placement excluding free options. This is appears to be wether or not the gold price softens or drill results are late. Institutions are only just starting to recognise the value in NWR, once these cornerstone investors become part of the long term picture, we will see the value crystallise in this company that we all know is there. Yes there will be more capital required and as such placements to dilute us poor little investors. There will also be corrections, hickups and hedge fund collapses that will effect the $Gold price, however this is a quality resource that is only going to grow with it's agressive exploration programme. Remember the processing plat is already there, they don't have to start from scratch. Yes some maintaince will be required, however the basics are the in a climate where it is difficult and expensive to get new infrastructure built. If I had a quarry managers ticket, I'd be handing them my resume, and leaving this mother of all droughts behind.

If you have the same belief in the long term gold price that I do, then patience is the order of the day. I challenge any of you to name an better value small cap exploration co with the ability to drill the meters that NWR has and put together a 250,000 oz maiden JORC in shuch a short period of time. The Geo has worked out the pattern and is now putting the rigs over the right spots. We should all look forward to the next JORC update because that will determine the next level of share price support.

This is not advice only an observation designed to counteract short term jitters. Or you could just think that I'm ramping the stock, sell, and see who buys them.

Cheers

LifeisShort · 7 February 2007

Bush Trader said:
I think they'll save some of that cash for extraction as well, all those that are in this for the long hall should see these short periods of SP weakness as an oportunity.

Before the two placements (1st of which went wrong because the lads whoever they were dumped the shares back on the market causing the fall fro 25c to 17c) I purchased shares at 27c only to watch them get debased, I also purchased at 24c, 20c and 17c. I don't regret any of it. All those that watch this share know that it now has very solid support at 35c, well above the 31c placement excluding free options. This is appears to be wether or not the gold price softens or drill results are late. Institutions are only just starting to recognise the value in NWR, once these cornerstone investors become part of the long term picture, we will see the value crystallise in this company that we all know is there. Yes there will be more capital required and as such placements to dilute us poor little investors. There will also be corrections, hickups and hedge fund collapses that will effect the $Gold price, however this is a quality resource that is only going to grow with it's agressive exploration programme. Remember the processing plat is already there, they don't have to start from scratch. Yes some maintaince will be required, however the basics are the in a climate where it is difficult and expensive to get new infrastructure built. If I had a quarry managers ticket, I'd be handing them my resume, and leaving this mother of all droughts behind.

If you have the same belief in the long term gold price that I do, then patience is the order of the day. I challenge any of you to name an better value small cap exploration co with the ability to drill the meters that NWR has and put together a 250,000 oz maiden JORC in shuch a short period of time. The Geo has worked out the pattern and is now putting the rigs over the right spots. We should all look forward to the next JORC update because that will determine the next level of share price support.

This is not advice only an observation designed to counteract short term jitters. Or you could just think that I'm ramping the stock, sell, and see who buys them.

Cheers

Well said bush trader.....couldn't add anything else to it except results should be here shortly.

sydneysider · 8 February 2007

saltyjones said:
a good feeling about the co. in general or that the new campaign will hit something out of the ordinary?

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.

punterpete · 8 February 2007

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

maffu · 8 February 2007

punterpete said:
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

The share price has more then doubled in the last 6 months, it cant keep going at that rate for long periods of time. At the moment it is slow, but there is really no reason for the share price to increase at the moment, apart from wild speculation.
When results start coming in, then the share price movement will be a bit more meaningful.

NWR - Northwest Resources

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