I am still too disappointed to go into depth on recent events, but my decision to sell was simple for me.
I believe the sp will track lower until we know what the hell is going on. That is both cash position and the recent failures.
Personally i have lost faith in management, disclosure was an issue for me in the past but that skeletal announcement on block 105 was like a kick in the balls - especially after what other posters had been fed directly from the company.
Now whether the company was telling lies or not the truth is when you look at the volume someone was dumping big - churning or not.
When the dust settles and plans going forward are clear i think the sp will eventually sit around 10-15 cents.
Question is where and when will the dust settle?
NEN Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held