Hey this is not time for gloomy pessimistic talk. If you had a look at the announcement yesterday you will have seen that Craig Burton, Nuenco's largest shareholder converted his full complement of options and put some $700,000 into NEO in one blink of the eye. Now if the largest shareholder is prepared to back the company and the directors as well as some of the underwriters then there is confidence at the top.
I would say that Jumonville #1 must be at or around that 12,000 feet stage in the well so we should get an update some day very soon.
And yes - Guijarral Hills #1 was also supposed to be getting spudded this month. Only a few days of the month left so perhaps there is a bit of a delay there. Might be early July now.
Important thing though is that the money from the Rights issue is in the bank and the plans can proceed
NEO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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