NEN 0.00% 22.0¢ neon capital ltd

what am i missing?, page-5

  1. 17,757 Posts.
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    Holding up very well - trading a tad under cash backing (after settlement of claims) and sitting bang on today's VWAP

    Should see a nice rally in the arvo as th is essentially a free option at this price for:
    - increase in cash from insurance claims on the outward cash claims
    - takeover (this is producing as well as exploring)

    Downside limited as its trading under cash backing
 
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Currently unlisted public company.

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