NXS 2.22% 23.0¢ next science limited

What a great question.The factual evidence is that even without...

  1. 187 Posts.
    What a great question.

    The factual evidence is that even without Longtom 3, Longtom is producing at a rate consistent with recent historical flows and therefore meeting the current requirmeents under the GSA, and presumbaly generating consistent current revenue


    But Management/The Board has not presented this information to the market , nor represented this to be the status of the current cashflow impact, and instead presented infomation to the market in a manner to allow the market to wrongly conclude that the interuption to production at Longtom 3 has casued a short term cashflow crisis for the company.


    THe failure of the Board to ensure the full information re the impact of the Longtom 3 outage is presented to the market, and the failure to present factual information to correct and incorrect market view that the Longtom 3 outage is causing Nexus to have a short term cashflow crisis, is evidence of misleading and decptive conduct by the Board and management.

    ASIC should act on this evidence.
 
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