I'll be very unsurprised by a total sale of the company. Large oil companies will have to pay a lot more to acquire juniors if the oil price rises back to $US70-80, so they are likely to view the current climate as being ideal for takeovers.
As a recent purchaser of NXS shares at 36c, I would be delighted by that result and it was a factor in my decision to buy, others who have have held from when the SP was higher may have a different view.
There is a low risk of the sale process falling apart, but there is a far higher chance of a partial or total sale of NXS assets. Either of the latter scenarios mean a major jump in SP, so this was one of the easier share purchase decisons to make.
You comment in your Crunch time thread that 'Share price and volumes will be a good indicator to Friday's announcement'
Is that because NXS leaks? Can long term holders comment on that?
If they do leak then last Friday's trading in the final 1/2 hour was very, very encouraging. There was over 2 millions shares purchased and a quick surge from 36.5c to 38c. It looked very much like a few buyers were keen to have a position before the new week.
Who knows, conspiracy theories about insiders in the know are always dodgy, but if there is a history of info getting out of NXS maybe there is something to it.
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NXS
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13.5¢

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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $39.50M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 13.5¢ | $116.4K | 838.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2535444 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 514926 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 720000 | 0.140 |
10 | 2698444 | 0.135 |
11 | 2729077 | 0.130 |
3 | 960000 | 0.125 |
1 | 750000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 43536 | 2 |
0.145 | 520609 | 4 |
0.150 | 1026000 | 4 |
0.155 | 1207692 | 8 |
0.160 | 243164 | 4 |
Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
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NXS (ASX) Chart |