Ive just finished buying in. I fundamentally really like NEO's...

Ive just finished buying in.

I fundamentally really like NEO's prospects...its just the management Im worried about.

Any MD that decides using a credit facility is good business needs a good hard look at himself...especially when he's getting paid $250K each year.

What I can see happening is either:

1) Running on minimal cash until get bought out at multibagger price in 2008

OR

2) Large capital raising goes ahead to US institution and serious drilling follows in 2008.

What ever happens from here the price will be looking upwards over next 12 months in my opinion.

Im hoping for takeover...quick and neat though Kain wont be happy forgoing the free $250K he's receiving!