I am curious to know why you think they have turned this stock around. As a holder of the stock I am hoping you are right. It would give me comfort if you could provide us/me with some evidence for your belief that there is a turn around occurring.
I am aware that they contacted fund managers and brokers on Monday and talked up their prospects but I understand that no no news was provided.
I would also refer you to their announcement to the ASX on 2 Sept 2009. In that announcement management claimed "Three projects are awaiting approval, Three projects are in tender, Five projects are in Proposal evaluation, aqnd Eleven projects have undergone requests for information." Yet we have had not seen any new contracts signed. Instead all we have had is the release on 29 October 2010 where they announced that temporary halt to the Malaysian contract.
So if you have any further information it would be gratefully received. I guess where I am coming from is that I realise that I am punting rather than investing i.e. either I am going to make a lot of money or lose the lot. Unfortunately I think there is less than 12 months (see previous post) for this to occur.
NBS Price at posting:
8.5¢ Sentiment: None Disclosure: Held