To give it a positive spin ... the drop of volume at least means that the selling has stopped. For now that is.
Agree the 5 week quietness on drill cost is not acceptable. I am somehow under the impression that NEN can't get the information out of ENI. It takes a day max to do a back of the envelop calculation to have a reasonably clear picture of what the total cost is going to be. This is no rocket science.
The last announcement from NEN mentioned "pending well reconciliation" (or something along those lines). It sounded a bit like they want to know the exact dollar amount. But me personally am not interested in the dollar, I am happy in the millions (+/- 10% is perfect for my purpose).
I don't see volumes picking up before there is some sort of cash-relevant information available. At the moment, the investing community is left guessing ... and guessing is usually not good enough to make an investment decision ...
NEN Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
