I don't think you are missing anything, rather it's traders taking positions and panic selling. I personally bought at 28.5c then doubled down at 5.5c. I'm not buying more until the stock settles down. I've been surprised and somewhat dissapointed the company hasn't provided a lot more details, ie perhaps clearly detailing how much has been paid to date and possibly even valuations the company has on other assets. The company in my view has assets which warrant a significantly higher share price however I don't see a turnaround until the costs have been clarified and the market realises no urgent fire sale or CR is needed short term or alternatively the market prices the stock so cheap that another player starts accumulating the stock. At 4.1c I'm interested to see how it goes on Monday.
As a holder it's frustrating and at time testing as the falls represent a large paper loss, however you need to make a conviction call on the fundamentals of the company and it's assets.
NEN Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held
