re-read the december quarterly, page-5

Dr Dann
Just to inform, you are correct re Santos carrying out the repairs to fix the electrical fault last year however NXS did claim compensation from Santos circa $16m for lost sales/ profits and this amount appears in dispute (would greatly assist NXS in its current situation). I refer you to June 30/2013 accounts showing trade receivables of $22m circa however LT had been down and only produced $6m circa in that quarter, where is the $16m from?. I repeatedly asked NXS for clarity and finally received an answer (my HC post #9850885 4/11/13) stating that the receivables balance represented gas sales and GSA claim for remedies, no further comment due to confidentiality issues.
There is a real difference this time regarding the staying power of NXS, on 14/1/13 when LT went down for 5 months, NXS had $95m in the bank (31/12) having just sold 2% Crux for $75m on 19/12, even with LT out they were very confident of an outcome because they repaid $60m debt in the March Qtr.
The current situation (31/12) they have $4.8m cash + restricted cash $5.3m, proposed admin costs alone for this qtr are $4.8m, dev costs $1.8m and what the Dec Qtrly doesn't show is the Current Liabilities at 31/12, in effect the $4.8m is potentially not free cash.
In the absence of LT rectification, longlead sales, Crux sale, Santos $!6m receipt, NXS doesn't have 2, 3 or 4 months up its sleeve like last time.