Im fairly new to NXS so been doing a bit of research and this came to my attention.
Taken from recent presentation.
"Nexus 12 month option (post completion) to sell to Shell 2% of its participating interest for $75m"
So if SHELL is willing to pay $75 million for 2% and NXS holds a 17% interest then that would value NXS's total interest at $637.5 million.
Market cap about $180 million with some serious cash flow.... What am i missing??
crux value to nxs
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Last
19.5¢ |
Change
-0.015(7.14%) |
Mkt cap ! $56.88M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $69.72K | 342.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53999 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 59936 | 3 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |