When long term holders bought in to NXS it was proposing to...

When long term holders bought in to NXS it was proposing to build a liquids striping venture at CRUX and owned 85% of the liquids. (Gone finished never going to happen)
The 8c SP is a direct reflection of the fact that this will not happen and in addition previous managements incompitance and poor decision making , overall market conditions and sentiment (spec stocks are out of favour)
Pending court decision, long tom off line for 6 mths (nill revenue, only 11mil in bank, wasted share holder funds on long lead items and the list goes on.

Excluding a take over play the next up side for NXS is 2014-2015 with drilling long tom 5 and auriga.
In the mean time management need to run this company like clock work, make no mistakes, cut costs and be entierly responsible and accountable for their actions.
When you read the list of assets they remain very valuable but gas siting in the ground has no real value until it is extracted and sold.
This company still has billion dollar assets but extracting the value from these assets will require very cleaver management and as yet NXS has not produced a cleaver team.
20c 30c 50c PS quiet possible in 2-3 years time but NXS has run out of chances and if the current Management sets one foot in the wrong place the SP will be hammered again. Production builds companies not small talk nxs needs stop talking and get on with producing. Personally I continue to buy at 8c (a bargain under smart management) excessive under stupidity.