If NEN gets to $2.50 in two weeks I am selling straight away no question about it. Even if logging/flow tests show huge numbers from a 100% success rate on all targets, I'll still sell.
It pays to understand markets and business opportunity during these times - dilution, farm-down and other commercialisation inputs will all impact the potential earnings per share.
I see investors make the same mistakes year after in this sector - LNC, LYC etc all the same issue.
If NEN hits 'gold' its going in a straight line, no question about it.
NEN Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held