Hi letmewin,
Sorry to hear you sound so disappointed. The Libra driiling is in the hands of Shell not Nexus and the drill rig 'Frontier-Discoverer was/is being refurbished and that is mostly the reason for the delay to date. Nexus are equally frustrated by the situation as are we the shareholders.
I personally believe that to raise funds in this manner was a far better option than the alternatives, such as to reduce their stake in Crux or Longtom at this stage.
Read the brokers reports including the latest from Bell Potter and be reassured that Nexus is still undervalued.
Be patient and I believe you will be well rewarded.
Kind Regards
Misty
let down, page-9
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