NEO - Nuenco Limited
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Re: Neo : Nuenco Nl
getting very close to testing now - and holding up very well in todays bleak market.
Go NEO!
getting very close to testing now - and holding up very well in todays bleak market.
Go NEO!
Porper
Ralph Nelson Elliott
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Re: Neo : Nuenco Nl
Maybe Silverfox, but I don't think so, a bit better volume but nothing to write home about.If it is a good test result she will start to rise on the anticipation of the next results also being posotive.I hold as a highly speculative play, could be great but we could lose the lot if they find nothing.Here's hoping.:drink:
silverfox said:
Maybe Silverfox, but I don't think so, a bit better volume but nothing to write home about.If it is a good test result she will start to rise on the anticipation of the next results also being posotive.I hold as a highly speculative play, could be great but we could lose the lot if they find nothing.Here's hoping.:drink:
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Re: Neo : Nuenco Nl
Yeah I bought it as soon as I saw that announcement about their search hopeing for a major rise. But the stock went down I'm not sure what's going on. But it had a good day today though. Then again all stocks had a good day.
Yeah I bought it as soon as I saw that announcement about their search hopeing for a major rise. But the stock went down
I'm not sure what's going on. But it had a good day today though. Then again all stocks had a good day.Re: Neo : Nuenco Nl
Not sure what's going on here either. I hold stock in OPL and they had a similar day. The announcement was good so bit unsure why both stocks have dropped. Hopefully tomorrow will be a better day for these two.
If anyone has any thoughts please share...
Not sure what's going on here either. I hold stock in OPL and they had a similar day. The announcement was good so bit unsure why both stocks have dropped. Hopefully tomorrow will be a better day for these two.
If anyone has any thoughts please share...
Porper
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Re: Neo : Nuenco Nl
I think NEO must be getting played by daytraders and have hardly any real investors.There are always sellers no matter what the news.I think we need NEO to be producing enough gas for the whole world for the next hundred years to get the share price to move.
Mr_GQ said:
I think NEO must be getting played by daytraders and have hardly any real investors.There are always sellers no matter what the news.I think we need NEO to be producing enough gas for the whole world for the next hundred years to get the share price to move.
doctorj
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Re: Neo : Nuenco Nl
I haven't read the full announcement, but I understand it said something to the effect of several hundred ft net pay of gas and it being the most positive drilling results they have had in that field.
Now, you have a wait of 1-2 weeks while a production casing is run (if it hasn't been done already), the well fractured if necessary and a well head is put on and flow rates are taken. At that point, they'll be able to release flow rates to the markets and you'll be able to put numbers and hence a value per share for this well to NEO (and OPL). During this time, there is likely to be very little news and with the absence of news from other wells, the share price is likely to slide.
What you are noticing is that NEO has a large number of traders that had been expecting this news for sometime. They were going to sell into the news irrespective of the price with the hope that the price will slide and they'll be able to get back in cheaper. In the meantime they'll be moving their money to the dogs that are running at the moment, like ADY.
I haven't read the full announcement, but I understand it said something to the effect of several hundred ft net pay of gas and it being the most positive drilling results they have had in that field.
Now, you have a wait of 1-2 weeks while a production casing is run (if it hasn't been done already), the well fractured if necessary and a well head is put on and flow rates are taken. At that point, they'll be able to release flow rates to the markets and you'll be able to put numbers and hence a value per share for this well to NEO (and OPL). During this time, there is likely to be very little news and with the absence of news from other wells, the share price is likely to slide.
What you are noticing is that NEO has a large number of traders that had been expecting this news for sometime. They were going to sell into the news irrespective of the price with the hope that the price will slide and they'll be able to get back in cheaper. In the meantime they'll be moving their money to the dogs that are running at the moment, like ADY.
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Re: Neo : Nuenco Nl
Such a frustrating stock - but I have to see it through to the end - same as a lot of people now.
OPL is obviously a 'safer' choice because of its longer list of programmes.
The fact that the NEO options are trading at such a premium price, along with money being spent on casing all these wells, (if not expected to be commercial, they would close without casing) keeps me absolutely positive that it'll pay off soon. Can't be more than 3 weeks before we get some substantial results now - and in the scheme of things, that's nothing after waiting for months!!
Such a frustrating stock - but I have to see it through to the end - same as a lot of people now.
OPL is obviously a 'safer' choice because of its longer list of programmes.
The fact that the NEO options are trading at such a premium price, along with money being spent on casing all these wells, (if not expected to be commercial, they would close without casing) keeps me absolutely positive that it'll pay off soon. Can't be more than 3 weeks before we get some substantial results now - and in the scheme of things, that's nothing after waiting for months!!
Re: Neo : Nuenco Nl
For what its worth..a poster on another website reckons hes rang nuenco and OPL...announcement Friday will be positive and the 1/4tly report will be out too.
I dont accept this is fact..but it cheered me up a bit while watching her slip away today...
For what its worth..a poster on another website reckons hes rang nuenco and OPL...announcement Friday will be positive and the 1/4tly report will be out too.
I dont accept this is fact..but it cheered me up a bit while watching her slip away today...
Porper
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Re: Neo : Nuenco Nl
Silverfox, if there is no announcement tomorrow, I think we will see a big tumble in late trading.A lot of positive feedback about NEO but the price is drifting forever down.You would think if they had good flow rates, insiders would be buying, no sign of that yet.
Definately a very high risk, double or halve your investment share overnight almost.I think they will come good, but that's just a hunch, and the way my trades have gone this week, probably wrong.Roll on the weekend so I can re-group.:bad:
silverfox said:
Silverfox, if there is no announcement tomorrow, I think we will see a big tumble in late trading.A lot of positive feedback about NEO but the price is drifting forever down.You would think if they had good flow rates, insiders would be buying, no sign of that yet.
Definately a very high risk, double or halve your investment share overnight almost.I think they will come good, but that's just a hunch, and the way my trades have gone this week, probably wrong.Roll on the weekend so I can re-group.:bad:
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Re: Neo : Nuenco Nl
So what's up with the stock today?
It took a heavy hit today. I'm loosing a fair amount on it now.
So what's up with the stock today?
It took a heavy hit today. I'm loosing a fair amount on it now.
doctorj
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Re: Neo : Nuenco Nl
POO fell under US$50 a barrel, wouldn't have helped.
As for other factors that are more company specific, I think that OPL/NEO will continue to slide as long as they fail to attach numbers (ie. reserves, flow rates etc) to their lofty claims. Until then, the market seems as though it is uncomfortable with too much speculation built in the price, particularly with the US Fed expected to raise rates again to 3% this month.
POO fell under US$50 a barrel, wouldn't have helped.
As for other factors that are more company specific, I think that OPL/NEO will continue to slide as long as they fail to attach numbers (ie. reserves, flow rates etc) to their lofty claims. Until then, the market seems as though it is uncomfortable with too much speculation built in the price, particularly with the US Fed expected to raise rates again to 3% this month.
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Re: Neo : Nuenco Nl
Nasty day- but I'm still holding. Gone too far to drop out now with possibly only days before early results
The bigger the risk, the bigger the reward is my hope!
The whole market is still looking sad - particularly the energy sector, so it's just a 'hang on for grim death now'!!
Nasty day- but I'm still holding. Gone too far to drop out now with possibly only days before early results
The bigger the risk, the bigger the reward is my hope!
The whole market is still looking sad - particularly the energy sector, so it's just a 'hang on for grim death now'!!
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Re: Neo : Nuenco Nl
I've already made the choice all or nothing with this stock.
So who was predicting $.50 a share?
I've already made the choice all or nothing with this stock.
So who was predicting $.50 a share?
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Re: Neo : Nuenco Nl
Still don't think I'll have to. As a matter of fact, it's doing reasonably well to hold its place in todays market.
It's still holding high 3's - I REALLY don't think you'll see anywhere near eating hat prices. The results are getting closer daily - the company has assured that they will be commercial gas producers THIS year - and Kain is currently doing another round of brokers with a presentation leading up to results announcement.
I'm sure you'll let me know if it gets dangerously low though!!!
When are you hoping to see RTM bounce back??
OK el ninjo!!el_ninj0 said:
Still don't think I'll have to. As a matter of fact, it's doing reasonably well to hold its place in todays market.
It's still holding high 3's - I REALLY don't think you'll see anywhere near eating hat prices. The results are getting closer daily - the company has assured that they will be commercial gas producers THIS year - and Kain is currently doing another round of brokers with a presentation leading up to results announcement.
I'm sure you'll let me know if it gets dangerously low though!!!
When are you hoping to see RTM bounce back??
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