In short. This reinforces the point myself and many others have been making around management failing to discharge their duties in relation to pr and ir with due skill, care, diligence etc. The news and subsequent non dilutive (mostly) funding significantly de-risked the play, given their are funds who pay a premium for that kind of certainty you would generally expect this would attract new buyers to substantially offset any selling from speculators betting on the outcome (the Chinese as you refer to them). Sure a handful of top holders may capitalise from this mismanagement and resulting mispricing but the majority of both ling and short term holders have suffered.
We will wait to see the results from the overseas insto presos soon. Given the lack of new buyers it is not surprising what the share price has done, ofc the value will increase in line with the companies ability to encourage new buyers (not a handful of insiders with deep pockets bottom picking). Hence as my tone aludes to, once outside funds buy the news the price will appreciate accordingly. Would still like to see management do an investor conference call, a domestic road show, secure some analyst coverage and hire a pr agency (to secure some top tier media), thus helping to correct some of the damage they have clearly done.
Cheers,
NEU Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
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