another slant on nxs - a predator on the regis, page-19

newB

Can't see the cash being a serious problem. As you state, a little under 30M with a cash burn last quarter (which included tariff prepayments) of roughly 11M. At current rates that gives them pretty sufficient breathing space so IMO I see no need for a CR with the current (rough) timeframes supplied re the install.

As evidenced today, the market had practically factored this announcement in, a 1.5c drop shaking out some of the more timid holders but hardly the catastrophe some were predicting. It may drift a little lower over the next month or so before anticipation starts to build up again on a re-start but I hardly think it's company crisis time.

One announcement re Crux or ES and this little issue will seem like a non-event. LT isn't the only consideration on management's plate currently....

Regards.