A simple calculation: Fit out capex to date: $197million Total power planned 35MW Total built 14MW Build in Progress 5MH Total remaining 19MH
Total future capex 197 x 16/(14+5)= $168million
So lots of future capex still required, and most probably still future capital raisings on the way given that not 100% of money generated through business activities + capital raisings go into capex (there are overall business costs that absorb part of the money generated such as Head Office costs, directors pay etc).
So again happy to sit on the sidelines and be patient.
There will be a time in the future when the market gets really frustrated with this stock and that will be the time to enter, probably at much lower than current market prices.
NXT Price at posting:
$1.91 Sentiment: None Disclosure: Not Held
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