Bullant,
I'm not saying NXS is over valued but I do disagree with your valuation.
Firstly you have ignored the fact that NXS has $298M of net liabilities on its balance sheet as at 31st Dec 2011
Secondly you cannot assume that crux is worth $640M just because shell have given NXS an option to sell 2% for $75M.
This option was part of the farm in deal and you cannot just multiply 75 by 17 and divide it by 2 to work work the value of crux. The $75M option is just a way of compensating NXS for the farm in together with the drilling costs.
The actual crux valuation could be higher or lower.
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.11M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 23.5¢ | $1.189K | 4.958K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5627 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5627 | 0.240 |
1 | 11507 | 0.230 |
1 | 29297 | 0.220 |
1 | 25000 | 0.215 |
2 | 12000 | 0.205 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 10000 | 1 |
0.260 | 145820 | 2 |
0.295 | 3390 | 1 |
0.310 | 45789 | 1 |
0.330 | 180900 | 3 |
Last trade - 15.44pm 16/08/2024 (20 minute delay) ? |
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NXS (ASX) Chart |