Hottod I agree with your comments about selling NEU : "The funds taking, say 13m shares @$1.40 in this CR certainly wouldn’t object to their “windfall”, nor would Karst Peak which was sold its 14m shares @$1 by Lang Walker. If anything, these funds coming on board at this stage (for 5c and 7c pre-consolidation equivalent) increases the likelihood of a nearer-term, low-ball acquisition. Imo."
Prior to NEUs fund-raising announcement I wrote to the Chairman against the 'management incentive' proposition and said NEU should be sold now if management didn't think $8/share could not be achieved within a reasonable time frame (months not years). My target is $8 per share (holding for 15 years), but I'm even more convinced NEU should be sold now albeit at a $4-$5 low-ball price. There are other good market opportunities for funds right now without the same long-term, technical, management & commercial risks.
Hedge Funds will win again....but that's their game and they're good at it. After 15 years waiting, I'll happily go and win on something else !
Not professional advice : do your own DD
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Hottod I agree with your comments about selling NEU : "The funds...
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Last
$21.22 |
Change
0.450(2.17%) |
Mkt cap ! $2.705B |
Open | High | Low | Value | Volume |
$20.76 | $21.43 | $20.70 | $7.892M | 373.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 596 | $21.22 |
Sellers (Offers)
Price($) | Vol. | No. |
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$21.26 | 1054 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 3443 | 21.180 |
2 | 1077 | 21.160 |
1 | 1005 | 21.150 |
2 | 5900 | 21.130 |
2 | 1882 | 21.110 |
Price($) | Vol. | No. |
---|---|---|
21.260 | 1054 | 1 |
21.300 | 1270 | 2 |
21.350 | 1077 | 2 |
21.370 | 194 | 1 |
21.430 | 1005 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$21.24 |
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Change
0.450 ( 2.73 %) |
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Open | High | Low | Volume | ||
$20.76 | $21.42 | $20.73 | 102057 | ||
Last updated 15.59pm 28/03/2024 ? |
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