trading halt, page-32

No They have plenty of cash take a look at the last qtrly...no cap raise here...

NSE may need many things but certainly a Cap raise is not one of them. Its the one of the primary reasons I invested in the stock in the 1st place... In fact it is criteria #1 for all my investments these days.

The only way they would need a cap raise was if the planned to do a substantial acquisition or an even more aggressive drill program than the current 3 wells program....Personally I think they have their hands full with what they already have.

Probability is 90% that its simply a JV on Merlinleigh ...


Perhaps the discussion should go on who the JV is with... Are their any other companies in a trading halt ??

Here a is a list of companies in Trading halt currently as I speak


AMX.ASX
AQO.ASX
AVH.ASX
AWK.ASX
BSN.ASX
CDY.ASX
EMX.ASX
LNG.ASX
NSE.ASX
SWE.ASX


Spot the others in Oil and Gas