re: Ann: Nexus & Santos Agree to Amend Longto... Adds no immediate value and is a non event on the surface however it is a very clever negotiation because what it does allow Lucio is a great deal of flexibility.
Longtom is no longer merely a depleting asset, a commercial pathway has been developed to allow for other possibilities should Crux negotiations become "hung up".
Flexibility allows for incoming potential JV partner to fund Longtom development or obtaining a new LT finance facility with longer term dated offtake supporting it.
To my mind Cottee secured NXS's financial survival and Lucio has taken 1st steps to support and advance this.
If this develops further maybe Crux acquirers will now see NXS as not a price taker or dependent on the proceeds.
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Last
23.0¢ |
Change
-0.025(9.80%) |
Mkt cap ! $67.19M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.0¢ | $91.50K | 396.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9064 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 30097 | 2 |
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| Last trade - 14.34pm 22/08/2024 (20 minute delay) ? |
| NXS (ASX) Chart |