The drop yesterday was a bit of rationality returning to NEA pricing.
The media has been full of stories about NEA's massive share price growth over 2013 and fools chased it to 68c before it settled around 58c.
"Investors" need to keep in mind there are 334 million shares on issue. Use a calculator and realise that 68c = $227m market cap. Even at today's level 53c = $177m.
I think we're at about the right point now but folks buying in now should be prepared to wait at 6-12 months for any significant appreciation attributable to fundamentals.
The drop yesterday was a bit of rationality returning to NEA...
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