Nice to see NGE put there annual report out to market at 6:30 on the Friday of a long weekend, it seems the timing of these events has more care and attention to it than Mr Arnett's signature. It is also encourging to see that NGE has spent nearly double in 2009 to what they did in 2008. It seems the year has proven to provide nearly 1 cent in value to the company (net assets 2008 $25,049,000.00 / shares 448810038 = 6 cents compared to 2009 $46,760,000.00 / 669543998 = 6.98 cents) Amazing what 2 cap raising's and farming out plots can achieve. will be interesting to see what they can do this year, hopefully further dilution will be limited, as it is the future price that pays for the dilution far heavier than current price.
cheers
NGE Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Not Held
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