takeover please

The agm presentation confirms the poor performance of the previous board.

There is nothing new of significance we did not allready know in the presentation.

Action and progression is the only thing that can now move nxs forward lip service delivers nothing.

This road map may eventualy see the sp rerate but it will be a long slow process and will need a significant injection of funds. The 75mil option is a short term fix, it will not pay for the drilling of longtom nor the echuca scholes.

The constant referal to the excising of the 75 mil put option on CRUX may be a cleaver ploy by the MD to send a clear message to potential buyers of a stake in crux that the hammer is about to fall so if you want the whole 17% get in quick.

Complex is the nxs saga and the market knows this. That is why i still believe a takover is imminant, the NXS assets in the brouse basin are too strategic and valuable to be ignored by the big fish for too long. Takeover offer before christmas "I hope so" other wise the road ahead will be long and bumpy.