If NXS current market cap is $245m, and they get $500m from the sale of their 85% share in Crux, the share price will at least double when trading resumes. My prediction is for trading around the 85c mark.
But what if they get $750m, or even more?
Hopefully Shell are feeling generous, and are in an aggressive frame of mind after losing out on their tilt at Pure Energy. They wouldn't want to lose out on this one as well...
tuesday announcement, page-15
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Last
27.0¢ |
Change
0.020(8.00%) |
Mkt cap ! $78.75M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 27.0¢ | 22.5¢ | $103.9K | 445.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2200 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 19999 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |