Oh and BTW - if you look at my estimate of value on other threads, I believe NEN will only trade up to and around $0.60-$0.70 on a positive test result, thus my estimated chance of commercial success (CCOS) at the moment is much closer to 50% rather than 30%! So far geological success is probably 100% (I say probably because we don't actually know yet - but it is implied they havce found hydrocarbons or possibly CO2!!).
I guess it all depends on two things:
What you believe the ultimate value is (in share price) multiplied by what you believe the CCOS is. I guess most are doing the sums and the consenus of that answer at the moment is $0.30.
Good luck all!!
NEN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
