bad day to point out the obvious, page-4

Kaiden

i must disagree with your comments below, i thought todays presentation and afternoon press release from the company goes a long way in unlocking the inherent value the company has in its 3 assets.

If you read the below press release more specifically the phrase - "If we thought that we'd be getting lower numbers (from the Crux selldown
process) I'd be exercising the Shell option today," he told Dow Jones Newswires
in an interview.

then you will see that the company believes they will sell the crux asset for at least 637.5m.

I may be less experienced than yourself in the market but if that was to come to fruition NXS would pay off their debt then have 380m plus longtom ($150m) cash ($30m) and eucha shoals (who knows but they are happy to take offers for this too)

now even on cash alone the company would have to be capped at 30c+.

The upside versus downside here is certainly skewed in favour of buying the stock here.

The market has not valued Nexus assets at all it is sitting waiting for a catalyst to do so and the sale of crux imo will be that catalyst. Then with cash they can speed up any development on longtom and you watch the market get excited.

if i was short i would not be too happy with that position if a commercial transaction of crux were to go through as NXS would have cash which is so much easier to value than their current stable. ($410m divided by 1.3bln shares =31.5c per share)

Anyway i think you did a good job today i reckon you scared at least 1million shares on to the market...(i bought a few more after reading belows press release)

Press release below for everyone to read and dont let anonymous people on this forum scare you out of your shares. Do your own due diligence, phone the company if necessary as Mr Woodside to me showed the calibre of management he brings to the table. The bumbling shultz aka fowler doesnt run the show anymore

The stock at current levels is a buy

Best of luck on the Nexus train!

Press Release Below
SYDNEY--Nexus Energy Ltd. (NXS.AU) said Thursday it has appointed financial advisors to
weigh a sale of part of its 17% stake in the Crux natural gas joint venture offshore
Australia with Royal Dutch Shell PLC (RDSB) and Japan's Osaka Gas Co. (9532.TO).
The move by Nexus, which has a market value of 186 million Australian dollars (US$192
million), comes just weeks after the venture committed to study how to develop the Crux
field in the Browse Basin, including the potential use of a floating liquefied natural
gas, or FLNG, facility.
The Melbourne-based company didn't identify the advisors handling the sales
process, or how large a stake it wished to retain in the Crux venture. The selldown is
being considered alongside other financing options, including restructuring its existing
debt facilities and generating more cash from its Longtom gas project in Victoria state.
Nexus Chief Executive Lucio Della Martina said a decision on how to strengthen the
balance sheet would be made by January.
Nexus has an option to sell 2% of its interest in the joint venture to Shell for A$75
million by August next year. That implies a value of A$637.5 million for Nexus's
entire stake in Crux.
"If we thought that we'd be getting lower numbers (from the Crux selldown
process) I'd be exercising the Shell option today," he told Dow Jones Newswires
in an interview.
Separately, Mr. Della Martina said the company would also welcome offers for part of
its stake in the wholly owned Echuca Shoals natural gas discovery in the central Browse
Basin, but it hasn't begun a formal sales process.
"We own 100% of Echuca Shoals and what I'm really signaling is that's a
large percentage to have in an area like the Browse for a company the size of
Nexus," he said. "We'd still want a material stake in it."