Given some of the concerns aired on this thread regarding the future of Nxs in light of Longtom issues, I had a re-read of the December quarterly issued only 7 weeks ago.
In summary
Longtom producing well- revenues of 28.6 million ytd.
Longtom 5 travelling well
Echuca scholes progressing
Crux partnership going well
Cashflow good
Admin costs good
And so on.
I dont think this Longtom issue is going to have much impact. It was out for 3 months last year so we have been through this before. Cash balance up 3m for quarter and interests costs based on current financing under control.
Doesnt read like a company on a knife edge. No divestment at the moment, longtom down but otherwise travelling fine and meeting strategic objectives.
re-read the december quarterly
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