What a great question.
The factual evidence is that even without Longtom 3, Longtom is producing at a rate consistent with recent historical flows and therefore meeting the current requirmeents under the GSA, and presumbaly generating consistent current revenue
But Management/The Board has not presented this information to the market , nor represented this to be the status of the current cashflow impact, and instead presented infomation to the market in a manner to allow the market to wrongly conclude that the interuption to production at Longtom 3 has casued a short term cashflow crisis for the company.
THe failure of the Board to ensure the full information re the impact of the Longtom 3 outage is presented to the market, and the failure to present factual information to correct and incorrect market view that the Longtom 3 outage is causing Nexus to have a short term cashflow crisis, is evidence of misleading and decptive conduct by the Board and management.
ASIC should act on this evidence.
- Forums
- ASX - By Stock
- NXS
- longtom - "reduced production"?
longtom - "reduced production"?, page-3
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Deep drilling at Mulga Bill confirms gold to 500m depth, indicating further exploration potential
SBW
Shekel Brainweigh reports a 50% revenue increase in its Retail Innovation suite and delivers the first batch of 20 Smart Bays to Hitachi as part of a larger order
Add NXS (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $56.97M |
Open | High | Low | Value | Volume |
19.5¢ | 19.5¢ | 19.5¢ | $6.9K | 35.38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 70186 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 2463 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 70186 | 0.190 |
4 | 66783 | 0.185 |
3 | 43333 | 0.180 |
2 | 25714 | 0.175 |
2 | 23382 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 2463 | 1 |
0.200 | 30525 | 1 |
0.210 | 1298 | 1 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online