Australia's largest stock trading and investment forum Australia's #1 stock forum

NXE

Click for more information

0.00%

2.7¢ new energy minerals ltd

Ann: Agreement to sell remaining 50% of Balama Resources Pty Ltd, page-117

First 117 Last

Share
Profile

Follow
AlexandrosOM

150 Posts.

17

16/02/19

18:46

Post #: 37459709
Share

Originally posted by sowens: ↑

Yes yes everything is bad no body going to make any money here yada yada yada. Yes this company has a market cap of $4.5 million it has a tad under $3 million in hand and will get payment of $7 million so that will be $10 million minus the $2.5 or $5 million that it owes to Arena leaving it with $5 or $7.5 million in hand. So whats a good strategy for playing these long shot stocks? Well I always thought that it was buy when everyone is talking doom and sell when everyone is talking sunshine. Looks like no one is talking sunshine around here and please dont tell me that the correct strategy is to buy blue chip, why would anyone talk about blue chip in a penny dreadful forum and please dont tell me that the directors are crooks, save that for AMP and NAB jesus wept the question is not how bad the directors are but is there a chance to make money out of the situation we face today, for me I ask myself does the company have more money than its market cap tick, is everyone talking doom and gloom tick, it might be time to gamble oh sorry I mean make a rational investment decision cough cough.

Expand

You're welcome to keep throwing your cash at a lost cause. Even the board know it's gone that's why they're leaving a shell for Arena.

NXE Price at posting: 3.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

HotCopper Highlights: Your most watched stocks for Week 47, 2024

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

There are more pages in this discussion • 38 more messages in this thread...

First 117 Last

Add NXE (ASX) to my watchlist