NEN 0.00% 22.0¢ neon capital ltd

Just started watching this stock, it would appear that everyone...

  1. 202 Posts.
    Just started watching this stock, it would appear that everyone is righting this off, over a cost over run, with what I can read, the original cost of the wells was capped at $45 mill, anything over this the company has to fork up its share (25%) if the over run was by a massive 50% that would be 22.5 mill @ 25% = 5.6 million if 100% that would be $45 mill @ 25% 10 mill, they have 9 mill in the bank, and producing assets, can't they just borrow on production or do a Cr, surely their not going bust, are they?
 
watchlist Created with Sketch. Add NEN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.