re: Ann: Nexus & Santos Agree to Amend Longto... Thanks Russell
Still waiting and exercising disipline, dont think I will get them at 11c as are well supported at 13c. My price that I set is a personal thing more than valuation with a big margin for error - if I get set then so be it, if I miss out so be it as there are a handful of other stocks I follow in a similar position and offering same upside.
Sell in May and go away hasnt worked for me yet,"maybe" some Euro event will upset the macro in the next few weeks - been too quiet for a little while???, June tax loss selling???? - maybe just wishful thinking.
Dec balance sheet has a net asset value of 16c per share (excl tax assets) with LT at $137m and Crux at $219m, we all know that Crux in particular offers significant upside from that (whether you are in the $325m camp or the $750m camp or somewhere in between). Very little risk at company level now so I would be happy to invest my entire portfolio into NXS at 10 -11c (as is my strategy) and be able to sleep at night.
I dont believe that LT resumption will be a catalyst for significant sp movement, the 2 catalysts are a sell down of Crux and to a lesser extent jv or LT drilling success, NXS is an asset play.
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Mkt cap ! $58.43M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.0¢ | $21.32K | 107.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 20000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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22.5¢ | 5000 | 1 |
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No. | Vol. | Price($) |
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1 | 20000 | 0.195 |
1 | 12957 | 0.190 |
5 | 76783 | 0.185 |
6 | 118894 | 0.180 |
2 | 23800 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 5000 | 1 |
0.230 | 1298 | 1 |
0.245 | 400 | 1 |
0.250 | 28990 | 2 |
0.265 | 20000 | 1 |
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