Ive been reluctant to contribute to this as the price on NEN has lots of other contributing factors that determines the price . We should be currently on a base price of what many are predicting but a number of factors keep us from hitting the correct valuation.
As many of you would have read in previous posts I believe the company doesn't sell itself well enough and hype the prospects as it should , this is a reflection of Kens personality and I have often said that we need a better salesperson ( saying this he appears to be getting better at it ) I personally like the under promise and over deliver approach because i fully understand the company's prospects and chances of success but when small caps and investor dollars are doing it tough the market doesn't and we have been punished for this .
The media is starting to now fall back in our favour and this cannot be underestimated , a few more good stories and the buzz soon becomes a trend .
The other factor is how many more shares are going to be off loaded , the ASX market amazes me now as many investors try to make there money on a falling share price rather than letting it run up .
So after all that ill give you the 2 most likely outcomes
1) 65 cents plus if media street continues in a positive manner and the seller runs out of shares
2) 33-36 cents if the seller continues to block the rise and we have some bad days on the DOW as often happens post May through August
NEN Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
