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Wall Street ChadsWall Street Chadsby0x4C180A0Dd28BFE53eD2f9d78578c58Ec8E7C50230x4C18…5023

Insider Gas Company Trade

Voting ended about 4 years agoSucceeded

I work in a mining company that is partnered with a small gas exploration company. Recently they hit gas and their share price went up, what the public doesn't know, but I do because we're partnered with them is that, they have possibly discovered the largest on shore gas discovery in Australian history. In the next few months they will be doing a flow back test to determine the amount of gas in the resovoir, but all the well engineers that work with me have said it's just a formality for share holders. Essentially in a few months when the results are announced the share price will go up, and since this share has been bullish in the past when good announcements have happened think we could ride the wave very comfortably. The ASX stock code is NWE for Norwest Energy. This won't be an insane short term profit as the share price has already risen over 200% but we can either sell it once it peaks after the announcement for a tidy profit of I assume about 50% or we can hold on until NWE either starts production (or my company buys them out which would triple the share price) Both of these things are pretty much imminent it's just a matter of time.

Off-Chain Vote

For
70 30.7%
Against
126 55.3%
Abstain
32 14%
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Timeline

Jan 21, 2022Proposal created
Jan 21, 2022Proposal vote started
Jan 25, 2022Proposal vote ended
Oct 26, 2023Proposal updated