NSE new standard energy limited
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don't lose sight

  1. letsthinkbig
    44 Posts.
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    14/02/13
    11:44
    Post #: 11419444
    Share price reaction was mainly due to the disappointing drilling of well no.2. While the time line for recommencement of drilling is of question now I wouldn't worry about it given NSE's strong cash holdings. Cash burn rate without this drilling is prob about 1mn per quarter, max 2mn.. That gives us ample of time.

    Additionally, NSE is more that just that. My eyes are on Merlinleigh right now.

    Anyone care to point out what risks they are fearing?

    Cheers
    NSE Price at posting: 18.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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