NXS is valued on only LT production to Santos IMO. Crux coming deal will be made and ANNed very soon IMO. As MD commented a deal should be done around the New Year.
Volume not great, and we all look for Crux update. As the timing for Crux development is NOW. As Oil is very bullish and stabilised over $90. Most stating it will head over $100. Making Crux worth near 1 Billion dollars.
What has harmed us is the Long Tong mercury issues... but now we return full production levels.
GREAT VALUE BASED PLAY with a lot of upside due to Crux and the oil price. Bad luck in 2010 with Long Tong is the only reason we are not at over $1 IMO.
A much better 2011 should be coming up and a good risk reward play for a multi bagger IMO.
Making good profits and huge development to come.
My 2 cents.
Cheers JAY
bullish ran based on crux.
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $39.44M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 13.5¢ | $119.9K | 836.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28579 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 24827 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NXS (ASX) Chart |