I think all us chartists can see the obvious trendline now at 4.4 cents. But we need news to get things rolling.
We've already had some modestly positive news, ie: capital raising not expected, growth in US revenues. But we need another shot of positive news or else down we go.
It has been 1 month since the bad news hit, how much longer before we can expect some clues on the final wash up???.
I am hoping NEN gives away a bit of ownership to Vietnam, but that ENI decides to launch another drilling campaign on the prospect.
NEN Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held