NEN 0.00% 22.0¢ neon capital ltd

firm finish, page-27

  1. 70 Posts.

    The lows this stock saw were from what I can see related to the 2009 GFC event.

    Since that time the stock appears to have continued on an uptrend with an average price of around 20 cents.

    I can fully understand the disappointment with the failure of Vietnam wells, however the management of this company from what I read go for really big returns with good risk management by sharing the costs.

    At the same time they have income producing resources which will allow them to continue in business.

    Certainly if another large opportunity comes up I suspect they will look at a CR to be in the running, if NEN ever hit big I hope the long term shareholders in NEN have stuck around and benefit.

    Risk is the name of the game and the negative posts on NEN remind me of when I was taking a large position in BBG at 15 - 16 cents.

    These are only my opinions and I am only sharing them to participate in the forum and definitely not for stock advice.

 
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Currently unlisted public company.

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