RE:RE:NWX Due Diligence From Last FinancialsHey Iamdumba$$, are you that simple of mind. I was not the one that made the comment that they have no cash.
lookin2retire wrote: Iamwcw =dumba$$, can't keep his facts straight. Doesn't know who said what. Maybe needs to be more diligent with his medication. Too bad you held your CVL shares through consolidation, that always hurts. A 10 bagger on consolidated shares doesn't equal a profit. Too bad you bought back in the thirties and lost all your profits from the dividend. Lookintoretire has 1 ignore, Iamwcw has 257 ignores, but you are such a fool that you can't figure out that it is you that is the moron. Why did it take you until,this year to get back into NWX. Should have been here last year for the big run up like I was. I was here posting a year and a half ago, where were you. Too bad you missed the big gains and are trying to chase a profit now.
JR12 wrote: NWX Quarterly results ending October 31st 2014:
Price Today: $0.36
Common Shares: 80.6 million
Cash: $372K
Total Assets: $22.8 million
Total Debt: $600k
Loss from operations: $350K
No production revenue but the company has a royalty stream. Stock has earned $0.02c over the last year. So it’s currently trading at 20 times EPS and this is at the low end of the range.
I’m not going to delve into the MD&A, but the stock is ok except for lack of cash and royalty will for sure drop due to lower oil prices. Some good results as of late but it’s oil being sold at a big discount, same as the rest of the world. The royalty note might not even last to be honest. Depends on the Australian government and if they will give NWX more funding to move forward.