Surely Warren Buffet ( if he was into buying spec stocks) would be saying that now is the time to be buying a stock like NEO.
There is a good deal of negative sentiment out there about NEO from shareholders that feel they have been let down and who have sen their shares diluted. So NEO has a depressed share price.
Yet there are signs of potential growth.
- it is in a great market in California - it is dealing in a resource which in demand and which is a high price commodity.
- it is possibly going to be starting a cashflow operation in the near future - it is involved in several other projects that could prove to be lucrative if they are shown to be commercial. - it is involved in several joint ventures with companies that have experience in the area.
Now, sure it is possible to pour scorn on the idea if you have a particularly jaundiced view of NEO these days. But the potential is there whether you like AK or not.
I prefer to stay optimistic and find hope in the stock despite those who want to dump plenty of their venom onto NEO and AK in particular.
NEO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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