events and price thoughts, page-4

Great summary TShirt.

NEN ran to around 55c on speculation about Paloma whihc as we all know is relatively small bickies compared to Vietnam. Even if we ignore everything else I can see scope for the stock to head significantly higher than last years peak on speculation in Q2 alone. Better still the general market conditions are becoming more conducive for speculative plays as people start adding risk again. No doubt the company specific catalysts are there but the environment needs to be right. As things stand we may well have a very encouraging environment for this type of speculation in Q2 which would have a massive influence on the force behind any speculative activity.

Of course I'm not talking about outcomes from any of the prospects which TShirt covered nicely, just how hight the SP could go in the short term if the conditions are right. I make no claim to value, just an observation about speculative conditions which typically drive SP of companies like this well beyond their value for short periods of time.