Not a bad idea at all Emusan. They would need about $10m if we assume that after the last few days, M&G are now down to a balance of roughly 100m? It would surprise me if management had not passed the idea by Creditsuisse. A significant discount could be negotiated on such a large parcel of shares, perhaps at an average price of around 8c.This would be an offmarket transaction and for those who believe the Nexus story, could be a compelling value proposition even in this very ordinary market. At least that would remove the downward pressure and allow the stock to trade more normally. Investment funds are weird creatures but when they decide to get out, nothing seems to stop them. Just look at ILU today (down 25%) to see what I am talking about there?
Goodluck
Ann: Form - 604 , page-10
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Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130676 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 19533 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |