To a certain extent he is right - Nexus was about $1.40 in October 2006 and is now only just under $1.90 a share with a lot of fluctuations along the way. QGC in the same time has more than increased 4 fold, MPO has more than increased 4 fold etc. I have taken profits along the way in Nexus and now only hold 1/3 of my peak holdings. CBM is cheaper and easier to develop and is exploding in interest. The risk profile of each drill is also much lower, if one or a few holes are dry it doesn't kill the share price like what happened after Crux 2 for Nexus, and Basker 6 with Anzon.
A good mix of CBM and LNG/condensate assets is a prudent thing to do. Diversify risk/reward.
re buy, page-12
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $70.00M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 22.5¢ | $15.37K | 65.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36776 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 3501 | 2 |
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| NXS (ASX) Chart |