Got my answer from their qtrly update.
As per their Q2'09 update, they had,
Cash: $55m
Undrawn dect facility: $46m
Total : $101m
Cash cost component for LT completion: $63m
Cash boost from AED, post LT pipeline completion: $120m
Overall cash position: 101-63+120 = $158m
$63m is hardly a huge debt when u compare their 'DEBT' with that of other listed companies on the ASX.
In fact, it makes them more so a sitting duck for any cashed up player.
nxs debt going cheap, page-7
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Mkt cap ! $67.19M | |||
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