JL,
I don't know where you pulled out the figure "15 million" from (I can guess - lol) to fund the Mercury extraction equipment. NXS announcement estimated 2 Million.
Agree that NXS is very thin on the ground for dollars.
If Credit Suisse can buy zillions of shares at .25c average, maybe NXS can do a sophisticated investors (no shareholder approval required) placement to them for .22c to raise sufficient funds to tide it over the mercury delay.
NXS doesn't necessarily have to be a large cap raising.
Who knows how close they are to a deal on Crux or Echuca or LT selldown?
Miki
very interesting stockbroker report., page-22
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $58.43M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.5¢ | 20.0¢ | $48.85K | 244.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 37179 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| NXS (ASX) Chart |