The business strategy of NEN is: low risk revenue growth out of its US operations, so it can afford to chase blue sky oportunites like Vietnam.
The mkt is acting as though this is not what NEN has done, ie: the failure of Vietnam has blown the company up, and it will immediately need to raise equity.
Having read all the posts here over the weekend, I am none the wiser. Why a 25% owned exploration target duster would see a 75% fall in stock price has not been well explained by anyone here in my view.
NEN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
