dwelling on nuenco

Dwelling on the future of Nuenco has been the subject of many a post over the last year or so. Many have been the acriminous comments cast about this share and its former MD in many of those less charitable posts.

Now with the Rights issue behind it and the $5,983,362 in the bank Nuenco is at another critical stage. The fresh money assures the platform for the planned programme for the rest of the year.

This next week could prove critical in the immediate fortunes of the company. I would imagine that Jumonville should be down to the next stage at around 12,000 feet where fresh casing was to be run down to that depth before the push forward. Will we get an announcement about Tuesday of that development. By this stage they should be drilling ahead towards TD according to the original timetable. In fact I would have thought about middle of this week and TD would be reached. Maybe it will be late in the week.

They will be nail biting days this week. Keep fingers crossed while you are nibbling if you can !