No one knows the current Nexus liability and potential for Sedco - except Nexus and its bankers ( who forced a capital raising) and maybe people who have been through Crux data room.
One question : Why would Sedco run the risk of getting screwed by someone else with their rig on ice in Singapore, ( before Conoco contract) unless they genuinely believed Nexus couldn't pay the bills or would default! Nexus it would seem - given forced capital raising doesn't have the current funds to pay for the full committed Crux well program ie 7 wells x US 40-50m each estimated? Maybe someone else has a better understanding - Also why was it that the disclosure was made until the prospectus of the potential liability if it wasn't a risk they wouldn't have disclosed it, and if it was why wasn't it mentioned before the prospectus was lodged. The Annual Accounts and Notes might explain it more thoroughly - depedns on their auditors etc.
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $84.59M |
Open | High | Low | Value | Volume |
28.0¢ | 29.5¢ | 27.5¢ | $34.26K | 119.2K |
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No. | Vol. | Price($) |
---|---|---|
1 | 33374 | 29.0¢ |
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Price($) | Vol. | No. |
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30.0¢ | 1573 | 1 |
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No. | Vol. | Price($) |
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1 | 8953 | 0.280 |
1 | 4000 | 0.250 |
1 | 4255 | 0.235 |
1 | 1854 | 0.230 |
1 | 50000 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 1573 | 1 |
0.310 | 7749 | 1 |
0.330 | 900 | 1 |
0.355 | 10000 | 1 |
0.000 | 0 | 0 |
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