i have been thinking to buy in also, but am still not clear of their position. They have sold assets and have debt owing. so what is their net worth and what cash funding is available for the future program, and what is the program. this jump today has not convinced me that this can go further. 50% jump is a knee jerk reaction to the ann when in fact it gives only part of the news. nen will need to raise capital to fund any reasonable ventures. and what are they holding.
Can see this may be consolidate when the full picture is exposed. cant see .025 having any foundation but the market can do what ever. i could not see any foundation for the rise today at the high set but it went there, but also dropped back. think it will do the same. people are spec trading while there is some euphoria. glad that some of you got some dosh back its no fun being on the low end after such high hopes. Trade on make hay while you can.
NEN Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
