Lindegas - I would like to think the reason they have not done a placement/cap raise is that they have a better idea of the odds of success at present than we do & they think the SP will be substancially higher soon, so do the placement then. The guys steering NEN are impressive especially Alan Stein & I am sure if they thought they needed to raise some $ they would have done so by now.
Certainly they have some big bills to pay after 105 has gone from 40 days to approx 115 days & testing is already over the 2 week estimated so cost over runs there also.
120 is looking like it will be well over time & budget also.
All about risk/reward & the potential size of 105 is exciting so I am staying put.
NEN Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
