Let me start off by stating that the company is in fact in better shape than when it was at 50+ (IMO) in say that I also believe based on the company's own published expectations and having not met certain milestones the market has continued to punish the SP.
In essence all of the CA related projects will have very little impact on the share price IMO. Given the timeframe blowouts, the technical challenges and additional costs ahead these projects at best will generate nice income for the company and will be NEN's bread and butter but NO company maker. So all the hype around Glau, Paris Valley, Enhancement drilling at NSA and Paloma at best should provide NEN the foundation and the cashflow to continue to seek out and create future opportunities/wealth like Vietnam and Indonesia.
Vietnam on the other hand has two key price drivers in the short term the announcement of rig contract and the drill timetable along with the updated seismic information.
I have been a shareholder for over 12 months and will continue to hold because I believe in the company and the management. If we get lucky and Vietnam discovery is commercial then Neon will be rerated and will no longer be considered as a junior.
Your thoughts and comments are welcome.
- Forums
- ASX - By Stock
- NEN
- nothing has changed
nothing has changed, page-18
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries