Nen as you say has already paid drilling expenses as they fell due, and only have residual left to pay.
I note NO top 20 holders have notified the market of any significant change in holding, excepting 1 director thought to be on the receiving end of a marjin call.
Nen is currently priced to fail. I'm beginning to think KC may surprise to the upside.
Am I missing something?
4c is looking very tempting for an average down. Any more weakness & I'm all over it.
Chart is starting to look like a psar 'flip' (reversal) is not out of the question.
As you say " Based on valuation alone it will be a telling sign when support does come in."
NEN Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held