NXS 0.00% 20.5¢ next science limited

further update., page-2

  1. 864 Posts.
    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.
 
watchlist Created with Sketch. Add NXS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.