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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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.79M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 20.3¢ | $7.393K | 35.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4692 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 51446 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4692 | 0.205 |
2 | 12061 | 0.200 |
4 | 66749 | 0.195 |
1 | 27500 | 0.190 |
2 | 25405 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 51446 | 2 |
0.225 | 63009 | 1 |
0.230 | 4347 | 1 |
0.235 | 7217 | 1 |
0.250 | 3501 | 2 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
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