I'm selling, as I've turned pessimistic with Paloma's prospects.
I liked the recent AGM comments that Neon had not given up on success at Poloma, even though the market was pricing in little optimism. But since then there has been no news that I would consider positive.
I was unnerved a few months ago after reading the annual report which included a paragraph staing that Neon may be unable to achieve its objective of becoming a mid cap oil producer due to operational problems. The capital raising occurred at much the same time I read the report, so I kept up my optimism, but since have turned pessimistic.
Still holding some shares.
NEN Price at posting:
24.5¢ Sentiment: None Disclosure: Held
