I'm out folks, finally realised I was deluding myself that NEN was a going concern. It's gonzo and sub 1c and suspension inevitable so decided to take the crumbs and at least buy a burger for the kids on the weekend. Sold for a huge loss this morning, wishing I had listened to some in here weeks, and months, ago. Sad fact is management have destroyed the company. They really should be charged with mismanagement of funds when you think about the cost overrun etc. A duster is part of life in this business but how can management justify allowing the cost of the wells to get to the stage where the company has been totally wiped out. An absolute disgrace. Anyway good luck to those who hang in and a big ***** to the T-Shirts of the world who ramped the crap out of this stock and cost good people a lot of money with their babble which sounded impressive at the time but really was just total BS. Hang your heads in shame.
NEN Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
