Given that the news spread starting early last week, its all factored into the share price. Anything below 32c is well oversold.
What we need to find out is the late delivery penalties that NXS has in place with Santos. Getting these details out of NXS management will be like getting blood out of a stone.
Time frame is likely to be late August for production, based on Mob of vessel late July and 3-4 weeks work.
one possible scenario, page-109
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $56.97M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $6.047K | 30.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106193 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 11820 | 1 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| NXS (ASX) Chart |