If the current market cap of NXS is 93mil and the CRUX evaluation is (NXS share) 200-500mil why has shell not initiated a takeover play. Even at 15c per share twice the current SP 186mill would net then all of crux, Long tom which they could sell and 100% of ES. Sell long tom for 50-80 mil and total cost to shell 110-130mill a bargain I would have thought. Just a back of the envelope calculation but some where in the ball park.
Must be more problems behind the scenes then we privy to.
a bit confused
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Last
19.5¢ |
Change
-0.015(7.14%) |
Mkt cap ! $56.88M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $69.72K | 342.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53999 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 59936 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |