Watch this Space

Hi Everybody

Watch this space refers to both NWE and PRR

PRR has a few immediate announcement coming up which may prop up their share price:

1. An announcement regarding their submission of their Orphan Drug Status (ODS) application has been well received and should hearing back from the regulators in March
2. First recruitment of patients for their Phase IIb Ovarian Cancer USA FDA trials are due in March as well
3. Also Prima are due for their submission of Phase III European trials to the regulatory body in around April-ish I believe
4. Dendreon's FDA approval due (by the latest May 1) will have a welcomed effect on the share price of Prima..

NWE has a few share price impacting announcements due:

1. Farm-Out Agreement announcement. Cheif Executive Officer Peter Munachen had stated in a recent media article that Norwest is well advanced with negotiations with both domestic and international firms and aims to finalise the farm-out of half the permit of TP 15 whilst retaining operatorship by March this year
2. Wessex Basin Update - Mr Munachen had indicated that although the Perth Basin projects had potential, the Wessex Basin "can be a monumental company maker'"

Now whilst this information is for educational purposes only, I can not stress how important it is to do your own research, which is why most posters on forums write the phrase DYOR (Do Your Own Research). Whilst these shares may go up on anticipation of these announcements these two stocks are highly susceptible to underlying forces (ie Big boys with big money = string pulling etc).. For example, PRR is susceptible to their main funder, that being SpringTree. As we know, they have been allocated a bucket load of shares, however have not had to appear in the shareholders owning 5% list.. and fundly enough the share price seems to go down before their allocation, and up after they had been allocated their shares.. Similarly, NWE has had a "sophisticated investors'" placement at 2.3c recently and the appendix has been released.. so Together with their lower highs, and lower lows, how knows if it will break their 2.7c fib retrance level and head lower to 2.1c?

Do not take my opinion that I state in ANY of my posts as fact or even as advice. Do your own research because at the end of the day, it is your money and your call

NWE - Capital Raising

Now that the placement has been completed and issued, we can move forward with the company..
I'm telling ya, for those people who predicted that we weren't going to do a cap raising and that the bucks would be banged in from the JV I think were majorly incorrect.. I have had the pleasure of working on many a legal projects that have gone through a joint venture agreement and tell ya. a company with NO money isn't really in a bargaining position.. If you have cash, the longer you can hold out on agreement, the less the JV partner will vulture you (taken from the vulture fund style of acquisition).. Also, you need the cash in case the deal falls through and you need to litigate or enforce the contract through the legal system, hence 9 times out of 10, a company needs to have money in order to make money..

This spare $2 mil will definitely produce a better deal imo..
We now can weed out the onerous terms in the advanced agreements between any JV contract and now have the time and cash to hold our position until any such signature is placed on the final signing..

Imo any of our prospective JV partners have lost a key bargaining position with the announced cap raising (in that we, at the moment can support ourselves for a good period of time)

Before this cap raising, the only concern I had about NWE was it's low financial position.. and now that has been resolved, to me that has derisked the company a heck of a lot!. (imo)

I have bought all that I can afford at the moment..... However If the sophs are going to sell it down to 2.3c-2.5c, I will definitely be lining up to buy at those levels.. However IF I were a soph, and obviously I would be investing 10s of thousands, even hundreds of thousands, I would have researched the company thoroughly and come to the conclusion that sizable (company-making) sets of announcements are in the works.. and come to the conclusion that I could at least double/triple my investment in a fraction of a year if I wait until the announcements are made/digested..... That is what I think the sophs will do, that is wat I think they believe their opportunity is wen they bought into this cap raising place ..... That would be the common sense thing to do, however, the funny thing with common sense is, is that it's not that common!!!!! LOL