chillam - not too late, they've still got to announce the 105 rig, which will be drilling multi multi TCF prospect at no cost to NEN in just 4-6 weeks! this ann should be any day now!
look at the chart! now is the best time to get in!
i draw an upper channel (to define the recent downtrend) from 17jul, 2012 to 19feb and 11mar this year. the current price of 23c is sitting right on that upper channel. if we close on the highs of the day, we get 1st stage breakout. we then need it to advance and come back down and bounce off the 22-23c level. with the volume and interest and pending 105 rig ann, i think its going to happen!
the june timing has surprised the market and it is scrambling to get on board.
NEN Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
