Na mate it’s certainly not immaterial and it really surprised me. Did you guys have any idea this was on the cards?
Two things stand out to me. Man, management must be extremely confident that further funds aren’t going to be required any time soon, markets love that sort of thing as a) management certainly have their act together and b) tightening the register further makes it attractive to both retail and Insto investors. IMO The other thing that stands out is that we all must remember that management performed a consolidation of its register a few years back. Wow, doesn’t this move confirm how good that decision was and also how active they are to retain an attractive register.
Haha there’s a couple of BIO’s I know that could learn a thing or two from this.
Just my tiny view of things from a traders perspective.
Cheers.
Now back to those monthly’s…….just joshing.
NEU Price at posting:
$13.39 Sentiment: None Disclosure: Not Held
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