I think that for those who were certain that this was the end of NXS Riv39 has hit the nail on the head with his observation :
"after all. if all hope was lost, they wouldn't have bothered with the sedco arrangement"
$30m is an awful big penalty to remove this claim and all the uncertainty that goes with it and I wish we/NXS could realistically sue/put someone in jail for the negligence that caused this, - BUT (subject to requirement for sale detailed in the announcement) with SEDCO out of the way that is a very significant element of uncertainty gone.
It also importantly removes a significant barrier to a potential total acquirer for NXS and given the conditionality of the settlement being on :
"Nexus executing a binding asset or
corporate sale transaction by 2 April 2014"
it seems to me this is really one announcement forshaddowing the upcoming more critical "sale" announcement - and we are now seeing the "real deal" being slowly revealed to us in the bleechers
( do I hear 7 horses hidden backstage begining to chomp at the bit ?)
And at least Longtom 4 is back producing - some cashflow is better than no cashflow !
....the game is afoot and it seems we are in for some fairly dramatic announcements coming upto the April 2 deadline.
- Forums
- ASX - By Stock
- forced sale to pay sedco claim?
I think that for those who were certain that this was the end of...
-
- There are more pages in this discussion • 18 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
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 130676 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
23.5¢ | 19533 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 110676 | 0.215 |
2 | 24100 | 0.210 |
3 | 69518 | 0.205 |
8 | 227250 | 0.200 |
2 | 24000 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 19533 | 2 |
0.250 | 3501 | 2 |
0.270 | 4776 | 1 |
0.275 | 12350 | 1 |
0.285 | 75660 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online