NEO nuenco nl

end of current price range

  1. 1,862 Posts.
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    Now we are close to a serious step forward, I had a look at the NEO price from October 2004 til now.
    The price fluctuated between 2.5 cent and 5.8 cent, with an average price of aprox. 4.3 cent.
    During this period several positive and encouraging announcements have been released.
    The gas price went from $6/MCF to more than $14/mcf.
    However the share price stayed within the range mentioned above.
    I can only conclude, that NEO is primed for a serious re rating by the market, once they generate income.
    It does not matter IMHO, that 'only' 3mcf/day will flow initially, as it will by now be clear, that NEO has the goods, and that increased gas sales over the following weeks/months WILL eventuate and that the income stream will be boosted with increases of the gas price, which is predicted to reach $20/MCF by Christmas.
    Add to this the blue skye, ie Oil in the deeps and more gas in the deeper zones and the prices suggested in the black and white table is a fair assumption.
    For that reason I have been topping up on a weekly basis.
 
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