NEN 0.00% 22.0¢ neon capital ltd

ann out, page-88

  1. 689 Posts.
    Hi Jay,
    Ca Ngu represented some bonus upside if 3D analysis resulted in improvement to the original BHP discovery. This was also some insurance against an unfavourable Cua Lo result. Whilst there are still LT prospects at b120, most are ST minded. Now everything hinges on test results. It's no longer an eachway bet, but an all on the nose punt. Risk/reward now needs to be re-assessed.

    " then on top of that a build up to the Cua Lo announcement."
    Delays result in anxiety = slipping SP, so 30c+ is a bonus. Firstly the SP needs to hold firm at 27c.

    Cheers.

    Best of Luck ALL in 2014
 
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