The west have printed a speculative buy recommendation in today's paper (4/2/12):
"The market appeas to be punishing Nexus for not following through on the original Crux development. A market cap of $265 million and a look-through value for Crux of $637 million reflects value on its own but access to cash over the next year through the sale of Crux long lead items and the Crux 2 per cent option means Longtom can also be de-risked through the repayment of debt. Price 20.5c, target 32c."
Chart looks like it may have bottomed out as well??
hartleys spec buy recommendation in the west
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Last
27.5¢ |
Change
-0.015(5.17%) |
Mkt cap ! $80.21M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 28.5¢ | 26.0¢ | $30.57K | 112.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19549 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |