A very interesting article in The Australian today. All shareholders should read it ... it is open access.
http://www.theaustralian.com.au/bus...t-bids-for-nexus/story-fn91v9q3-1227138847875
"Revealed: secret bids for Nexus" by: LEO SHANAHAN AND MATT CHAMBERS
A CONFIDENTIAL report has revealed that Nexus Energy was the subject of several bids beside the offer made by the Kerry Stokes-controlled Seven Group Holdings.
- From: The Australian
- November 29, 2014 12:00AM
The bids were never revealed to Nexus shareholders."
Apparently, Inpex made a binding offer on 14th February, the same day that Seven upped their bid to 5.7 cents. What an amazing coincidence! Who leaked this to SGH? Why did the board not reveal this binding offer. Why did Lonergan and Edwards, in their Independent Expert (and I use this word very loosely) Report, only selectively reveal bids made for the assets?
This should make for some interesting court arguments on 16th December.
Excellent article in The Australian
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Last
28.5¢ |
Change
0.010(3.64%) |
Mkt cap ! $83.26M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 26.5¢ | $50.38K | 184.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6191 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 12524 | 1 |
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