Hi Taipanoblehouse,
I think you're spot on. Basically they probably didn't get the price they wanted for CRUX sell-down, but the company has made it fairly clear in recent announcements that they see value for shareholders for drilling Auriga (low risk high pay off) and then being in a much better position to realise the value of the stake.
I think it's reasonable as the cost to us isn't going to be too demanding. I think short term 2 things:
1. sort out this litigation with transocean; and
2. sell down part of longtom.
Those two should get us back in double digit cents. A decent result on Crux next year should get the price back to 20's (based on a good result). We've also got further Longtom infill on the way.
A Robert
- Forums
- ASX - By Stock
- NXS
- md buying stock
md buying stock, page-9
-
- There are more pages in this discussion • 17 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
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $70.11M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.3¢ | $3.257K | 13.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6601 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 145820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 17501 | 0.230 |
1 | 4545 | 0.220 |
1 | 25000 | 0.215 |
3 | 14448 | 0.205 |
1 | 20000 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 145820 | 2 |
0.295 | 3390 | 1 |
0.310 | 45789 | 1 |
0.330 | 180900 | 3 |
0.350 | 79920 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
NXS (ASX) Chart |