$12/sh seems ludicrous to me, we're now negative ytd on the back of the 50% down year last year. how low are we going to go? $10, $8, $4, $1? people may say never but who have thought given the progress we'd be back at $12?
yes markets are bad and weakness gets sold which explains why neu is down heavily. However, something is not working given the consistent 14 month shareprice decline. At what point and how bad does it need to get for neu to recognise that something needs to change?
sum of parts seems to be greater than the whole thing at the moment. is there a reason why neu wouldnt sell daybue as a standalone asset? if npv of daybue is aud$12/share, why not sell it off to acadia? get a sizeable sum, sufficient to fund the trials and in the meantime force a re-evaluation of neu.
just my frustrated musings, fwiw I think we'll get a bounce today.
NEU Price at posting:
$12.33 Sentiment: Buy Disclosure: Held
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