I don't know that there will be a dump from the placement...

I don't know that there will be a dump from the placement recipients. The institutions that have bought in are solid institutions and I would not think they are not there for a short payback.

The sophisticated investors may be a different kettle of fish but if it was me I would hang areound for a bit to make sure I capitalised. I think as a general rule of thumb, spohisticated investors are not day traders who are in and out in 5 days.

At these price levels, I am of the view that there is a bucket of money to be made from NEN and moving in and out of NEN does one thing alone and cost you money.

I must admit it will be interesting to see how the SPP washes out but this really is a non-event. The real game is the return from Paloma and this has everones attention, everything else is just static.