Hi chillam, I am not claiming that you are referring to me as an 'influential poster' but here are my thoughts..
I make NEN to be $1b market cap at around $1.85 ish. This is a psychological reference point in my mind for rational and irrational reasons. Reasons include being 'far out they have a $1b market cap and say, $10m cash!' is this overccooked starts to play on the markets mind maybe... The other reasons include 'I don't care how big the resource is, $1b for a company with bugger all cash flows implies huge potential but it will take time to realize it... '. So.... Low, 0.16 (and trouble on the home front), medium is $1.15 with a retrace below $1. And, big banger is $1.85 which is briefly touched them retrace to $1.30... No technicals here, all wild unsubstantiated views and ideas.... Keen to get the ball rolling with an announcement but I fear our b&lls of steel will be subject to cool, calm and calculated KC who will require a solid professional announcement that will let the true value in the numbers and the plan do the talking rather than wild headlines.... Damo
NEN Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held