NXS 3.45% 14.0¢ next science limited

Ann: Nexus 2013 Financial Year Full Year Results , page-48

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  1. 707 Posts.
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    re: Ann: Nexus 2013 Financial Year Full Year ... 3suns - Light Hearted Banter Only on a quiet day!!!.
    There are so many scenarios that are possible re: Crux but apart from the potentials you have highlighted let me add Korean (Kogas) and Thai (PTT) as other "potentials".
    And lets not be suprised if LDM and Board sacrifice a little value selling 5% of Crux enabling NXS funding of circa $100m whilst retaining upside to Auriga drilling. IMHO much more likely than a straight 15% sale as they are worlds apart on pricing, and much more likely than a capital raising.
    The buy in cost to Crux is 1 thing, the 2nd is a circa $1.5b Capex on 15% for a project that may start development standalone in 2015 or Prelude backfill much later - the 2nd issue is much more problematic as a buyer has to be satisfied over a long period that they will have to increase their investment 4 or 5 fold
    Happy weekend everyone
 
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