I was in a similar boat as you but I sold at a loss & entered the market sub 10c. I intend to purchase more prior to drilling hits again (hopefully I can get sub 10c !). I dont think there are many stocks left with this market cap (limited shares on offer) & the project economics that could leave many for dead. I am not worried about management as
# They have shown integrity in how they operate.
# I dont want "just a geologist/engineer" employed for the sake of it - Consultants can be just as efficient cost wise & sometimes have a greater level of expertise than your own staff.
# Sometimes following certain staff to companies doesnt always spell success - You still have to find something of substance.
# Good projects eventually get rerated & some take longer than what investors are prepared to accept.
# I dont like too much dilution in a company (no shareholder does!).
I am not a day trader but I have been patient with some of my other spec stocks which have been good to me. Sometimes some "fall over" but I like this project/will stick with it.
Spec
NWR Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
