"""Company capital done and dusted mate they risked the company on these 2 wells not a lot more to say really"""
gusite you are on the mark mate. The company will have little funds left after these two wells and at 7 cents is a whooping 38Million market cap. Clearly i think the company was way overvalued over the last 6 months, with ONLY a successful well priced in....and now we see how a market punishes a heavily over priced stock....slashing more than 75 percent from the company value. I personally think a market cap of 20 million is fairer value. Buyer beware of heavily over priced stock i think.
NEN Price at posting:
7.0¢ Sentiment: Sell Disclosure: Not Held
