Surely AED would have put a merger on the table - but I reckon NXS are hoping they can pull a rabbit out of the hat. While NXS seem really keen to maintain their independence, I reckon shareholders would be better off selling up at a nice price to someone who can get full value for Crux quickly (and hence pay a reasonable price).
I'm not sure on the detail re Crux, but if it reverts to Shell in something like 2020 ? they can't muck around spending years drilling / farming out / etc. They seriously need to get on with it and take a leaf out of Karoon's book.
Now the AED deal provides survival, get on with selling the company at a decent price! Shell need to be forced to deal IMO.
nxs post farmout of longtom, page-17
Add NXS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
0.010(4.44%) |
Mkt cap ! $68.54M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.5¢ | 21.5¢ | $46.14K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 130676 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 19533 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |