Apart from nervousness about Longtom commissioning and any other of the numerous issues mentioned on these threads, I believe the one major reason that one would expect there to be softness in the equity price is that there will be any number of retail investors out there (and perhaps "sophisticated investors") that will be selling NXS shares to pay for their rights issue. There is therefore no need to enter into any of these conspiracy theories or imply spurious rationales to the SP being weak right now. I await the closure of the rights issue and look forward to Longtom coming on stream.
regards
DF
long tom upside or why you'd keep 100% , page-6
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $70.00M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 22.5¢ | $15.37K | 65.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36776 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 3501 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |