Not sure I follow you cashngrab. The wells were already factored in? What was factored in? Even now the company cannot tell its shareholders what the final cost of those duster wells will be.
I'm not sure NEN can start focusing on anything until those costs are nailed down and their actual cash position is known. Simply stating it's going to 'bounce' - I think we heard a lot of that in the initial sell-off down to the 6c range. Now here it is around 4c. Funny looking bounce.
Throw the charts away and look at the fundamentals.
NEN Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held