NEO - Nuenco Limited

[pacer]

Finished the day well...23 mill traded.....will we see more volume this week? ...another bumper day...finished at 2.3c....can't see me getting any at 2c in the near future......hope I m sitting on my retirement nest egg....500,000 at 1.8c average.

That will equate to $300,000 when it hits $1 in 5 years...or hopefuly in 1....dreams are free......oh that'd only be $295000 as I lost $5k on this bugger 6 months ago!....the bottom has been hit!

With our new acreage it could hit $5-10 in 10 years if they can prove up any finds, even with farmin out. We just need to see the cash rolling in to begin paying for more exploration drilling.....

Get Fraccin and show me the MONEY!

At this price I can afford to be more patient..........

 

[doctorj]

You're sitting on a 28% gain - well done! Are you using a stop or is this your bet for early retirement?

I'd love you to be qualify those figures of $5-10 for NEO. I can't see how you can get that from their current portfolio of acerage. Add to this the need for on going capital raisings (oil and gas exploration aint cheap) creating dilution, it's even tougher.

I haven't included figures to support my arguement, but intend to when I get home this evening. I look forward to looking over yours then!

My gut feeling is the recent speculation in this stock is a product of NEO's recent inclusion in The Bulletin's Speculator.

It's also worth being aware that NEO has an 11 for 1 consolidation on the way. While its impossible to quantify the impact of it (and theoretically it shouldn't have one), my observation is stocks of this type tend to drop post consolidation.

See you tonight!

 

[pacer]

Hey doc......like I say it's 'possible'......if NEO can get the minimum out of the ground on their original acreage they are worth 50cps, and a maximumum of about 130cps at best.........based on this and gambling that their new acreage, which increases their exposure by ummmm cant remember exactly how many times....but a lot, and could have the same amount of oil and gas, you could assume a potential price in this range....I am going on the graph, shown in their reports, that shows SP vs oil/gas recovered.

As for dilution, well..... as I say if you are making money selling gas then you don't realy need to create more shares, as long as you are selling enough!....will they sell enough in your opinion?

The 11/1 deal may , as you say cause a small drop if they go ahead with it.....can't see the point of it myself.....just looks like directors trying to justify their existence to me.....to what end, I have no idea!

It's a speccie and I am speculating to keep myself amused, and my spirits up, since I can't do much else after stuffing my back 3 years ago.......This is the only thing that gets me out of bed in the morning....it's not so bad though and compo gave me enough to play the game....keeping off the booze is the hardest part...lol

If you have a more in depth analysis I would love to hear it.....I don't mind being proven wrong ....like they say in my trade....If you havent stuffed up then you've done stuff all.

Neo actualy had some go through at 2.4c today! ........wooohoooooooo!

 

[doctorj]

Apologies for not getting back to this thread last night as promised. Unfortunately in my line of work this is the silly season thanks to ASIC/ASX's rediculous deadlines.

I will endevour to get to it this evening. In the mean time, could you please look at this thread of Joes.

I believe complying with this is very important as it will help maintain the quality of posting that sets ASF apart.

Thanks,
Brad

 

[pacer]

Point taken Doc.......but if people are too stupid to do thier own reasearch then that's their problem.....and if people can't see that my posts are not that technical and have no REAL numbers to go off then they are blind.

Being blind and stupid is no reson to buy or sell NEO or any other stock....DYOR.

I don't use technical analysis to any great degree, I do have a basic understanding of what others do but follow my own BASIC rules, and have made thousands on CFD trading....more per week on average than I ever did working in the mines!

I agree that this forum is supposed to be for all you techies but you will still find us here....the wannabe's ......If you look below my avatar it states "NOT A TECHIE TRADER"

I feel that my opinion of where a stocks' SP could go should be taken with a grain of salt, as what happens in 5-10 years is anbody's guess....hell the price of oil in 5-10 years could be $10000 a barrel then the price of neo would possibly be $1000 a share or more...... throw in inflation and a couple of wars in the Mid East and it could go even higher.....DYOR

BHP will be worth 50 cents a share in 10-15 years and Neo will take them over.....who knows what can happen in this crazy fracced up world.......

Come back to this post in 5- 10 years and well see if my OPINIONs were correct......and please don't be offended ...I have a wierd sense of humour.

Still interested to see your opinion on NEO

 

[laurie]

Well they say that being patient will make you wealthy from those that are impatient and the common factor there is TIME

cheers laurie

 

[Wysiwyg]

Well they say that being patient will make you wealthy from those that are impatient and the common factor there is TIME

cheers laurie

Hi Laurie,
Don`t understand what you mean there mate.I`m interested in what you have to say though.

thanks. :guitar:

 

[pacer]

I'm in Perth and will attend the meeting this month so may get a few tidbits to post here.

This'll be my first time at one of these, anyone know if we get a Q&A session as I would like to put forward a few hard questions that may stir the pot......

1 . When will we be fraccing, and why is it taking so long?

2 . Why aren't we getting any new info on progress in general....this is bringing the share price down in my opinion.

3 . Why are you acting like an investor, by buying into other companies, instead of getting on with the job at hand?. ie getting our own gas/oil out of the ground.

4 Why did you have a pipeline built before we even have the gas flowing out of the ground, properly, yet?

Eccettera............anyone else want to put forward some sensible questions here I would be more than happy to put them forward at the meeting if possible.

Just a feeling, but I recon we will probably get some good news just before this meeting to stop nutters (like myself) bringing along nooses, knives and guns.......lol

 

[doctorj]

With the exception of #3, somehow I don't think your questions will be as hard hitting as you think. Rest assured though, there will be opportunity to ask them.

 

[pacer]

Dunno what everyne else is doing but I'm picking up some rock bottom neo. Then off to the agm with my rope....hang em high!

Doc.....what would be the best questions to put to them then....and anyone else still following this dog.

 

[mime]

Dunno what everyne else is doing but I'm picking up some rock bottom neo. Then off to the agm with my rope....hang em high!

Doc.....what would be the best questions to put to them then....and anyone else still following this dog.

I'm thinking of dumping mine and taking a large loss.

 

[pacer]

I wouldn't, not right now, at least give them a bit more time to get the holes fracced and like I said they may have good news before the agm to quell shareholders anger. I'm sure we're close to getting the ball rolling.

Yolumine may have good news coming soon too which would boost the SP quite a bit.

A lack of news, and oil/gas falling, is keeping the SP down, once we get some news we will see the SP move UP, it's there....patience.

Trust me,I will be there at the AGM and will be getting up them.

 

[pacer]

Anyone want a lift to the AGM next week?......can do a pick-up from the Airport or anywhere arround Maddinton upwards to the spot........live in S/W Perth.......buzzz me here.....no I'm not a serial killer!....got time to kill though!

I'm taking a mini crossbow, made out of paper-mache' to get it past the security guards....and a cord of rope!.........just kidding! But I would like to know what the hell they're up to!!!!!!!!!!!!

Please post some Quesions to ask! I will be there!

HHHHMMMMMMMM no news out yet which is worrying...........Still picking up a few at 1.7c.....And still using profits from the CFD trading to buy more at that price.....let's see if an announcement comes out before wednesday...don't recon it will though.

 

[steveson]

Hi Pacer--Look forward to feedback from meeting--still thinking this will be a goer when OPL are ready--its up to NEO to see it through----Are Euro investors committed to the 26c price ps re 2mil capital raising or can they renig? Thanks for any info!

 

[pacer]

I hope they are committed, dunno obout that though.....

roll on wednesday look for news today .....if we don' get none b4 then ....it's the noose!!!!!!!!!!!!!!

Any more questions for the AGM?

 

[petee]

hi all..my view is that once this stock goes post consolidation it will drop back further and then investors are stuffed..its happened so many times before when companies like this reconstruct their capital..i wouldnt be buying in now at any price..id wait till it falls way back post consolidation

 

[pacer]

It's true peete but maybe you're just trying to scare us into selling so we miss out on something.......Give us the stats on a share at this low a price.....examples and dates if you have them.....don't realy care as I hold very long term on this one...all the way to $0.00 if need be......one for the drawer as I said.......$3 a share in 5 years maybe......still a junoir remember!

Any questions for the AGM .....I'll be there tomorrow!

 

[Quentin_txh1178]

hey pacer,

I live in Perth what time are you getting down there today?

Quentin

 

[pacer]

Leaving in 10 mins...1.00.....you wont miss me ....6'2" with a bikers t shirt and a noose....lol....cu there

 

[pacer]

That was the BEST FUN I've had in ages.....Mate drove cause I was hungover....but got back on the bourbon (COURAGE) again, b4 we went in.......it's ok I'm back on the Jim Beam again....sooooo.......


The first question was..."who are all the directors?".....and I cracked a FRACC

Who gives a stufff...

Butted in....

Asked the hard questions and got .....excuses.....Drilled a few holes and rooted both of them and have two broken down rigs, but can afford to buy more acreage?????..............The holes have had MUD put in them that is NOT amenable to acid ( they stuffed up.....the stuff they used was crap....some stuff.... won't break down....forget what it's called..)..had some **** in it that couldn't be broken down by acid)........... so now they have to try and FRACC....very speccy........as they are experimenting, but if it plays out....then the chickens have hatched!!.....

Baisicaly.....if they can bring the holes online without us SCREWING the hole, from going too hard at it, then we're onto a winner,.....buuuuuutttttt...they are taking thier bloody time and not focussing on getting the real deal untill next year...well they said november but I don't believe that for a second!!!!!!!!!!....Next year could see us at(post consolidation)...1.7 cents again or.....$25.....put it in the drawer.....and wait......tilll either the big holders crack it...the small ones already have...or there's a sneaky going on.....hold for the future and buy low....

Quentin......did u see me there......?

COULDn't miss me I suppose!......spent half the time yakin' to me...diddn't move a single eyeball either.....Gotta give it to them .....both barrels...brought a mate, who doesnt own them....and he even give it a shot....hehe...What happened after I left?...missed the vote....they still want it at 2.6c......shesh...was too pissy to ask that one!....awesome that they started talking turkey though....even thew a few expletives in....great!!!

What happened after I left....?....Was that u that walked out too?

Diddn't realy give FRACC....but will buy more at post consilidation.......got my answers....and expressed my views!!!!....only 55000 own at the mo....but was seriously 1,800,000 at one stage.....diddn't tell a lie.......am pissed off like u guys.........LIKE MY t-shirt?....haha....got em thinkin the BOYS r gonna pay him a vusit


I forgot to ask if it's tru that OPL have commandeered the FRACC riggs for themselves for thier own benefit, and we're left in the dust!!!!!!


untill we have gass...it's all theory....and speculation......Speccy stock.....

After consolidation....which they said was - a good thing, so they can have better exposure to the North American (ie THE US)...MARKETS....as they hate small companies that r 1 cent.....but you've gotta think !!!! we're alawys gonna be smalll..then u think...potential....buy post consolidation...........bahhh humbug....mine is a CHRISSY present...HOLD STUFFALL SO can't complain....NOW!...buying up big post though....get my1,800,000 back at a real cheap price!.....hehe....lol.........BURP!.....

So to sum up this little BLURB......NEO sell....or don't....or if u aren't in ......and thinking about it!......buy minor now ..big a little later....got the 55000 for my Nephew....so he can look after me in my old age...Get it!

Was a big hope but is now a speccy...for sure.....hope ur grandchildren can enjoy the profits of this one...it's there (gas)...but the TECH. is a little slower coming online....than we thought...

It's a very cheap share for the bottom drawer....and WILL be cheaper soon.....Maybe.....have a feeling that it wont drop, 'cause it's too low already,,,,,,,Damn my mates for puttin me onto this one..It's like gamblint....gotta Know when to hold'em....know when to fold'em...ahhh I'm buying back in POST!!!!!

To sum up........spec on the fraccin'.....happy they're taking time rather than rushing it......Fraced up myself a few times doing that!.......but a bit more info would be nice.....AND I HAD THEM UP ON THAT A BIT..... TIME WILL TELL!