It does make you wonder the timing as I have never been a great believer in coincidence, but we will have to ponder that one.
I would be surprised if it was not lifted today. TShirt mentioned that CR have a lead in period and was well underway prior to the BRR by Ken. Given this it is reasonable to assume it is a done deal for today.
Every indicator suggests that the money will be for Paloma and if you look at the release by SGY 29 May, it was flagged then that this was big and would require funds and I dare say as to why SGY was happy at 15%. It looks more and more to me that Paloma will be a game changer for NEN and as such I fully expect the SP to do very well. For today it will depend on the content of the release by Ken and the time Line for the P1 & P2.
NEN Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held
