G'day all
In the current climate the unbelievable rules.
People are generally not looking at things rationally.
Asset wise most companies would now be severely undervalued.
According to today's market action NEO is valued at 9 million. NEO has around 4 million cash, hold acreage worth around 20 million according to their latest financial report and have a 5 percent interest in Bullseye which at a very conservative estimate will give them at least $730,000 per year from just 1 well running at 500 barrels per day.
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nuenco nl
interesting comments, page-33
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