re: stating the bleeding obvious/salty
So do I. Against long odds, I reckon this gutsy company might just pull it off. The Sharetrader website in NZ has a share picking contest for 2006 on the ASX.
Seems to me NEO features quite often. OK, this may not mean a lot, but I think it does mean something - a lot of people have some faith in the company. I think the sp has been battered by day traders and down rampers over the past 18 months, and I don't believe AK has done his company as much good as he might have, however, I reckon he and others are working their butts off to get those options over the line - why wouldn't they? The recent investment in the JV might be seen as desperate, but if it works it will be seen later as a great move.
I'm still holding on to my heads and oppies, and reckon it could yet be a great money spinner. And if it doesn't work out, well, you can't win 'em all. Risk and reward usually go together, and this is a fascinating little punt.
NEO Price at posting:
0.0¢ Sentiment: None Disclosure: Held