There have been a couple (or more) bot orders operating in NEN...

There have been a couple (or more) bot orders operating in NEN over the last couple of months. However the real issue is the institutional seller who has been selling out of NEN, its just a little bit more obvious as the bot has been doing the work rather than a manual order placement.

Reality is that its not the bot that is the issue but rather the persistent seller.

When one first asks a broker what is going on, the answer is its day traders, but the length and volume tells us that is not the case....so its an Insto getting out. Interesting point has been that BellPotter have been a buyer of 14m+ shares nearly all on market so it is not (just getting in ahead of negative posts) it is NOT someone who took the placement recently completed.

How many shares does the seller have to go, probably the company is the only one (apart from the seller) who knows that and they say 'cant say due to confidentiality' should anyone ask them. Why does the company know, because nearly every listed company now has a slot on the board papers for register movements, and NEN is no different.

So we need good news about Paloma and a hungry buyer and we will sort this out.