30c does not surprise me one bit. Could not find any news articles or new information release to justify the break of $0.30. Perhaps it is sentiment, insider movement or a company/fund manager deciding to load up.
Plenty of action within the Oil and Gas industry at present. Look at MEO with Petrobas acquiring a 50% share JV to drill WP-360-P (Carnarvon Basin) spending up to $103m (41+62) on drilling in addition to $40m cash receivables for MEO pockets. The resource in WP-360-P is not even proven and bares much higher risk.
NXS have proven assets with huge outlays already spent in the exploration and preparation of the Crux development, ES drilling and Longtom production. Perhaps it is time the market reflects some of the intrinsic value of NKP bringing the SP closer to NTA per share of $0.55.
All the best to all holders
LM
30c, page-9
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $42.36M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 14.5¢ | $18.38K | 122.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55999 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 25347 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| NXS (ASX) Chart |