Letter to Administrators of Nexus - McGrathNicol
The shareholders of Nexus Limited read with interest your intention to look at a possible recapitalisation of Nexus Energy Limited.
As shareholders of this company, we have been actively pursuing management and board to look at this opportunity for the past 6-8 months. The board and management advised in a presentation on the 6th June 2013 that there was "No need to raise equity to satisfy short term funding over next 12 months". We believe that a capital raising program would be overwhelmingly supported by the current shareholders as a way of recovering our company and assets. We consider the dilution caused by a capital raising program secondary to realising the longer term upside of our assets.
We urge you strongly to consider this course of action.
Nexus Battle Team
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26.5¢ |
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-0.020(7.02%) |
Mkt cap ! $77.42M |
Open | High | Low | Value | Volume |
26.0¢ | 28.0¢ | 25.0¢ | $48.59K | 187.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 6115 | 26.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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27.5¢ | 4606 | 2 |
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No. | Vol. | Price($) |
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1 | 6115 | 0.265 |
3 | 44938 | 0.260 |
1 | 25000 | 0.250 |
1 | 2500 | 0.245 |
2 | 6376 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 4606 | 2 |
0.280 | 2000 | 1 |
0.285 | 12524 | 1 |
0.295 | 3390 | 1 |
0.300 | 32437 | 1 |
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