doctorj
Hatchet Moderator
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- 3 January 2005
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Re: NEO : Nuenco Nl
NEO/NEOO is playing out much as expected. It wouldn't suprise me if OPL is happily sitting on their hands hoping to pick up NEO's assets very cheaply.
Conspiracy theories aside, the options are a write off. This leaves NEO looking for cash first or early second quarter this calander year. I'd be looking for NEO to make a major low at or just after option expiry. Bottom pickers that are confident of NEO surviving (or perhaps being taken over) might look to speculate around then.
An interesting comparison is to compare OPL's recent performance to that of NEO. Goes to show what the overhang of a major option expiry will do to a junior company.
NEO/NEOO is playing out much as expected. It wouldn't suprise me if OPL is happily sitting on their hands hoping to pick up NEO's assets very cheaply.
Conspiracy theories aside, the options are a write off. This leaves NEO looking for cash first or early second quarter this calander year. I'd be looking for NEO to make a major low at or just after option expiry. Bottom pickers that are confident of NEO surviving (or perhaps being taken over) might look to speculate around then.
An interesting comparison is to compare OPL's recent performance to that of NEO. Goes to show what the overhang of a major option expiry will do to a junior company.