This has had a fair degree of success lately. Positive bounce of recent lows below 30 cents and a succession of affirmative announcements.
Looks like both wells unsuccessful. We'll see a big tumble when they come out of the trading halt.
Didn't think they would drop this low, but with all the uncertainty about cost overruns and possibility of a capital raising the market has discounted the rest of their assets severely.
Fortunately sold a few along the way at a good profit, but had enough left at the end for it to hurt. Seem like a bargain at these prices, so will pick up a few when things are a bit clearer as regards a capital raising.
NEN is in a trading halt as of today until Thursday 20/03/14. The share price jumped 65% before the announcement was made which looked very suspicious to me?? Anybody got any clues as to what might be going on?
The 69.57% JUMP was only 0.014c on turnover of 31,259,576M = Value - ($A)1,065,866
Very true the value of the move not that substantial. Would it be a fair assumption that this move in price before that market knew about the halt was from a group of traders who somehow know of a pending resource discovery?
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