Just a quick heads up Bilo...if I were a large holder and KC were calling me daily, I'd be out like a shot. And if 75% of an MD's job was marketing, I would seriously wonder whether the underlying assets were any good! The market obviously believes NEN is cum issue, but, no-one seriously knows the extent of the probable cost blow-out due to the weather. They had around $18m in September but Blind Freddy would know that given the potential from just Block 105, raising funds to maintain their current equity stake is a no-brainer. Patience and faith is required, which I have in spades.
NEN Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held