NEN 0.00% 22.0¢ neon capital ltd

ann out, page-14

  1. 409 Posts.
    Why is there an assumption the SP will fall after the trading halt. For Ken to raise capital there must be a significant reason that will add value to current shareholders. From all the information we have it can't be a debt or cashflow issue.

    It also unlikely would be for Vietnam, T-Shirt may be able to clarify on this point ?

    My guess, the drilling results at Paloma have blown estimates out of the water and Ken needs to raise funds to get this into production. On the back of news like this, i cant see why the SP would drop. I'm hoping we do get a good update on Paloma after the trading halt that would be great for confidence.

    Key word, guess, but it is an educated one at least when one considers the recent Brr interview, progress over the last year, and previous announcements on Paloma.

    BTW, Coolstock i think you need to find another stock to pick up at those levels you are after. But time will tell, as always.

    While many holders here are long, good luck to all holders !

    We definitely are in-for some interesting events.
 
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