NEN 0.00% 22.0¢ neon capital ltd

good time to buy?, page-5

  1. 260 Posts.
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    An analysts view - note the cash is way off IMHO - so even less than 5c in near term I would suggest.

    "Stating the obvious but a disappointing result. The well will now be P&A’d.

    Well deliverability was very low and CO2 almost irrelevant given low flow rate.

    Cash estimate at $19m or 3.4cps. US operations not worth more than same again. So underlying value that is relatively easy for the market to calculate is a low 6cps.

    This process ascribes no value to Vietnam – and this certainly would be a wrong conclusion. However, this debate will be left for another day.

    I have yet to talk to the company but there is no high level activity/catalyst is planned in the short/near term."

 
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Currently unlisted public company.

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