RE:RE:RE:RE:RE:OIL + GOLD = NWST pending drill results LOAD UPAfter K217 everybody was euphoric and kind of expected that from now on they will be releasing drill result after drill result. But from my experience with other companies such expectations just don`t match with reality. It takes time and you depend on external labs which means there just are delays and you have to accept it. Not only for drill results but also for feasibility studys, permitting etc.
So waiting for further drill results can take months and this is not only affecting NorthWest
Still it seems that some investors have problems keeping a stock over a long weekend so if there are no news they get impatient or bored I guess and looking for other oppurtunities where they hope to find better or quicker success with their investment.
I think that also happened with NorthWest. If you look at the volume in the last couple of weeks it was very low expect for one day on which the volume was above 1 million shares. Seems like some retail investors sold their shares and thus brought the stock where it is right now.
In my eyes the share ownership of NorthWest is a problem indeed. 76% retail investors is just too much especially in times like now where markets are weak.
But every investor can make their own choice. I intend to keep my shares and I still believe in the story of NorthWest so I don`t have a problem if the share price is now kind of low.