I think we all have a great sense of disappointment about the history of NEO to QUE to IND never living up to the hyped promise for each of its ventures in various countries. Seems to be the story of some of the spec companies generated out of Perth.The Spec Casino is a fickle beast and some of the companies seemed to be designed to provide income for the Directors but limited joy for the shareholders.
You are correct about the need for a significant improvement in share price to recoup the investment made. I'm not so sure about your figure of $50 + though I would be happy if that could be achieved.
Let's hope that the next month or so may bring a glimmer of light and we find a bit of life in the old dog yet.
Ann: Quarterly Activities Report, page-27
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