in some sense it can be considered good news for all those that hold for the following reasons.
1) Less dilution at this low price albiet small
2) 58 million less shares issued to hands that in most cases would have possibly sold them ie part of free float the 31 milion into directors will be there for crux.
Negative is less 13% less cash.
Overall if they have some additional good news from here ie gas flows next week then you may see shares in 40-50 range with postive market with stable oil price.
Now when we see some news from NXS on either
Crux - new partner field development proceeding quickly
Legal issue OOC settlement probably say with Nexus agreeing to use same supplier to drill wells.
then I believe you will should see the stock in the 80-90 range.
Other negatives are a lot of burnt holders who will be putiing pressure on price for some time
Sort of like what has happened with HZN and their field in PNG. Big cash injection, with partner who will fund the development.
my two cents
As companies start to invest again and oil price is firm we may see deal in short term that brings some stability and possibly forces TO hand of those waiting in the wings ( if they are really waiting)
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.97M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 77108 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.195 |
4 | 66783 | 0.185 |
4 | 98894 | 0.180 |
2 | 25714 | 0.175 |
2 | 23382 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 77108 | 2 |
0.210 | 1298 | 1 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
0.240 | 41438 | 1 |
Last trade - 09.42am 17/10/2024 (20 minute delay) ? |
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