I am really surprised that there have been no takeover overs put to NXS. Have just read an AWE investor presentation illustrating a large exploration program costing $200m. Using my “non-industry” logic, would it not make more sense to acquire/merge with an oiler that has reserves and apply cash to development rather than risky exploration drilling? Why are acquisitions when SPs are depressed not replacing exploration spending?
takeover appeal of nxs
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Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $39.44M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 13.5¢ | $119.9K | 836.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28579 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 24827 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| NXS (ASX) Chart |