Bullant,
I'm not saying NXS is over valued but I do disagree with your valuation.
Firstly you have ignored the fact that NXS has $298M of net liabilities on its balance sheet as at 31st Dec 2011
Secondly you cannot assume that crux is worth $640M just because shell have given NXS an option to sell 2% for $75M.
This option was part of the farm in deal and you cannot just multiply 75 by 17 and divide it by 2 to work work the value of crux. The $75M option is just a way of compensating NXS for the farm in together with the drilling costs.
The actual crux valuation could be higher or lower.
nxs - seller if finished!!! , page-7
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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 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| NXS (ASX) Chart |