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Gold/Mining/Energy : NOVAWEST RESOURCES INC. (NVE.v)
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To: Thomas A who wrote (1370)6/23/1999 11:37:00 AM
From: Barry Cox  Read Replies (1) of 1434
 
Perhaps, on the VSE, the ability to raise money has little to do with the value of your property.

NVE was comfortably trading in the .50+ range and after they wrote down their warrants to .43 and needed .54 for 10 days to activate their exercise. They were driven down to the .40 range.

When rights were issued at .40, the price was driven down to .25 to the .30 range, always with a block over 20,000 sitting there. If that is taken out, another appears.

it seems NVE is in tough to raise any capital from the standard channels. Perhaps someone else wants the property.
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