NGE 0.43% $1.16 nge capital limited

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  1. 532 Posts.
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    Hey Nuke, glad you are reasonably satisfied with your purchase, although i fear there may be a little more down side yet for this stock. I am curious if you know just how many employees NGE has. It seems there is a bit of money going in wages (not talking about the board here) and quite a few staff for a company that out sources its work and hasn't done much in the way of exploration for some time. On NGE's web site under exploration there last update was from May 2006. The legals and deal making with Talisman were out sourced so there isnt much need for staff in that area, there are two investor relations staff,(make of that what you will)plus a plethora of other staff. Interpretations of seismic and the performance of seismic has all be out sourced. The company, to date, only receives monies from investors and has no other income stream, until the Talisman deal is finalized. I don't believe NGE will be able to secure a rig until Talisman can make there payment, so delay will be felt there. Do you see any upside in the next month for this stock? if so what do you think will be the catalyst?.
    cheers
    edd
 
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