I was hoping the price would be 10c after the unsuccessful result at Cua Lo. 6c is a little low but understandable given the possible size of the over run.
Those at 6.5c seem genuine, they don't seem to get out of the way to let the price rise to sell higher into an orchestrated run up. I am not sure they are day traders, more those that bought on the fall and were hoping for a higher bounce from the low.
The funny thing is at 6.6c average, 9 million shares isn't a lot in total terms.
I think the March Quarterly Report due in about 3 months from now is going to be important for price action. I am not expecting much from the Report within the week. However, there may be a pointer as to what to expect in April's Report. Let's hope we are surprised to the upside!
NEN Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held