A very impressive run lately and after looking at the chart there is the possibility that it may find resistance quite solid at the current 26c level. Quite high volume too.
Doesn't seem to be much interest here. Doing the DST on 105 at the moment on four zones that gave good gas shows, should get the results sometime over the Christmas period.
Should also get an announcement on 120 when it reaches the next casement point which should be any day now. COS in this was higher than in 105.
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.
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.
14 Jan,2014
Director John Hugh Russell Lander jumped ship? Disposed 3,888,600 .Very discouraging !
Ken Charsinsky 16 Jan,2014
Neon has no urgent requirement to raise funds. However, like all junior E & P companies capital will be required in the medium term as the Company looks to develop and grow our portfolio of opportunities. There are a number of options available to fund the cost overrun in Vietnam, given the company’s equity position in the blocks and other assets within its portfolio.
A share placement is not the Company’s preferred option for raising funds at this time, and as such there are no current plans to conduct 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?
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?
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?
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?
Much more likely that the cost overruns on the drilling is not as bad as feared, or they are getting some of the costs reimbursed from insurance. There would be the three oil companies involved as well as the drilling company and insurance company, so plenty of people to let something slip.
Noticed Krisenergy was up over 6% yesterday on increase volume.
On February 24th, 2017, Neon Capital Limited (NEN) was removed from the ASX's official list, in accordance with Listing Rule 17.11 pursuant to the Company's request for removal from official quotation.