Not so sure DD. Many a company have gone insolvent and had great assets - Pasminco a notable one with Century Mine. Immediacy of cashflow is key. If you are unable to meet your creditors requirements you are insolvent. Asset sales are not liquid and can take time (as NXS has excruciatingly demonstrated), so if creditors put a wind up on your co., you're stuffed.
That said, I don't think we are at that point, close, but not quite. It all comes down to lenders / immediate asset sale and Longtom 4 staying productive and a timely recovery of LT 3. Hopefully no CR
- Forums
- ASX - By Stock
- consensus
Not so sure DD. Many a company have gone insolvent and had great...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NXS (ASX) to my watchlist
|
|||||
Last
22.5¢ |
Change
-0.015(6.25%) |
Mkt cap ! $65.73M |
Open | High | Low | Value | Volume |
21.5¢ | 22.5¢ | 20.0¢ | $50.64K | 245.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27019 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 1221 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27019 | 0.220 |
1 | 20000 | 0.215 |
1 | 5563 | 0.205 |
3 | 16180 | 0.200 |
3 | 62205 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 1221 | 1 |
0.230 | 5000 | 1 |
0.240 | 10000 | 1 |
0.250 | 29490 | 3 |
0.255 | 75000 | 1 |
Last trade - 15.46pm 04/09/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |