Hi Rafish,
Great post. That was the first thing I picked up as well.
Is there really any value in NXS holding a passive interest in CRUX which will only give the company a return in 10 years time but probably still require some large capital investment.
I do agree that they need to sort out the current lease which I think is a foregone conclusion given Ferguson put the deal together.
I'd say the whole board will be looking for a new job in November if they don't get that share price above 35c by mid year. You can't take an annual pay packet of $2m and watch the value of a world class disappear. Well, actually Fowler has...
I've sent my thoughts into the board and made it very clear that I invested in this company around 4-5 years ago to see CRUX deliver great cashflows within 5-7 years. These guys are supposed to represent our interests and there's no way in hell I was going to wait another 10 years because they couldn't commercialise the asset.
I requested they sell the whole 17% off and make a capital return to shareholders. Now if that is now their intention I agree that selling a stake in the Prelude project suddently looks more enticing to the global petroleum players.
Could any of us have imagined that the share price would be 19-20 cents at this time??? Blech is spot on with why it is there. I've made my thoughts known about Fowler here and to the board of directors.
I still believe that if RC had of been voted in at the AGM we would have seen the cashflows from CRUX and probably a deal with Echuca Shoals. I can't wait to see this great quality candidate. I bet he or she is going to come with a nice premium price tag with a great parachute, because that's the only way I'd join the company as CEO!
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21.0¢ |
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Mkt cap ! $61.35M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 19.0¢ | $31.60K | 161.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7800 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 4944 | 2 |
View Market Depth
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1 | 40000 | 0.190 |
1 | 54000 | 0.185 |
3 | 58000 | 0.180 |
1 | 60000 | 0.175 |
2 | 67500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 4444 | 1 |
0.240 | 272 | 1 |
0.250 | 31000 | 3 |
0.255 | 75000 | 1 |
0.270 | 61438 | 2 |
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