NEC has been gaining serious traction of late and deserves a thread title. The recent sp increase coincides with a very positive recommendation from Pattersons. "We have figured previously that a 49% stake in only one of the projects would be worth more that the whole market cap of the firm, showing that the equity market is not giving credit for this value."
The sp is moving north, increase in reserves, the story is good and mgt are holding out for value. The downside in minimal, with a cap raising in the next 6 months without a cornerstone partner. Not an issue. Upside is enormous! Refer to statement above for starters. A massive re-rate will come from a partial / full asset sale.
NEC Price at posting:
45.0¢ Sentiment: None Disclosure: Held
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