Agree with your thoughts Maybe about development timelines, and am quite happy with NXT sitting on a pile of cash ($333m at 31/12). I think with a recession looming, cash will be harder and harder to obtain. NXT's capital program looks like about $400m over the next 12-18 months (construction rate may slow down if sales don't spark up)
In regards to available capital in this sector of the market you only have to look at Bevan Slattery's other 2 interests, Superloop and Megaport which are making a dash for cash before it is too late. I am sure in 6 months time it will be very difficult to get investors to support capital raisings.
Hopefully any recession will be through its worst in 18 months time and we will have hopefully survived reasonably well intact, but as you say, share prices dragged down with rest of market.
NXT Price at posting:
$6.06 Sentiment: None Disclosure: Held
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