This is a familiar strategy with junior Oil companies that are wasting time and shareholders money-they put out a new presentation just about every second week. In the meantime, while everybody has got to be paid and there is significant cash burn, they tell the same story over and over again, knowing most suckers like a good story.
Mind you there are plenty of other juniors where management sit around and watch the flowers grow, one such being BUL, (Blue Energy) who have done nothing for the last five years. Best option is to put a stop loss on and stick to it rather than hang on in hope (investors worst emotion).
NEN Price at posting:
22.7¢ Sentiment: Hold Disclosure: Held