valuations

Hello All,
To help... I have put together an updated summary table, comparing the Brokers that have published publicly in 2008; of interest is the effect on the Target SP after the cancelled MOU; also the variability between their Price of Oil and currency predictions.

Current SP 52 cents.

Date...... BROKER.....Target .... POO 2008....POO 2009...$A/$US 2008...09

Oct-08...Patersons.....202c........$97..............$104..............90c...........81
Oct-08...Bell Potter....159c........$90...............$90................85c..........85c
Oct-08...Hartley.........294c........$111.............$100..............88c..........85c
MOU Mitsui Cancelled.

Sept-8....Baillieu.........255c...........?
Sept-08..Bell Potter....291c .........$94.............$123...............91c.........90c
Sept-08...Shaw..........250c............?
Sept..StockAnalysis......355c..........?
MOU Mitsui announcement

Aug-08...Wilson.........250c..........$97........... ..$127.............90c............93c
Aug-08...Tolhurst.......232c..........$70........... ..$75................?..............?
Jun-08....Bell Potter...400c..........$94 .............$126............. 91c ...........96c
Jun-08....Hartley........325c..........$93..............$90............... 91c............90c
May-08...Pattersons...242c..........$87.............$88................89c............87c

Mar-08....Baillieu........245c......................................................................
Feb-08....Shaw..........225c..........$84...............$80................87c...........86c

--All the above Brokers rate NXS either a Buy or Speculative Buy which gives a base for optimism to us Investors.

Obviously various factors have influenced the SP's demise during the Market crash; the cancelled MOU being the catalyst of forced selling!

.. remember that the stated Crux "Reserves" are the single biggest contributor to Broker Valuations and Target SP, along with the POO... currency and add cash at hand with perceived debt .... they are the PRESENT VARIABLES .... along with General market sentiment.

Stating the glaring obvious .. Way under real value!!!!
As long as the key Institution types...eg.. Viking sit tight, we will see the SP back above $1 mark soon.
The 2007 2008 big buys into NXS were at around 135c and 172c so can not see the big players bailing out for a loss, when they own a World class asset.

Worrying about an undervalued opportunistic BID?? .. If there was to be a bid, IT WOULD NOT BE THE ONLY ONE ... we are not talking '"penny dreadfuls" here!
More likely to be a friendly merger where the NXS Institution investors are pleased ... and they make money....


Anyway... Good Luck and stay patient....
SharpE.

My opinion and DYOR.