NXS - Nexus Energy

[johannlo]

Nevermind bloomberg, look at the volumes traded. Something is most definitely up and if you've looked at NXS you would know that they're sitting on a lot more value than the SP indicates, with all the rumours flying around lately of farmouts, JVs, takeovers what have you, something is definitely up (or its one helluva expensive pump and dump)

 

[laurie]

Well my gut feeling told me "what the heck" got on @.345 early this morning so happy with the 20%+ gain at close don't forget AED is having problems with Puffin could they play a part Crux they still have $$$$$ from the 60% sale to Sinopec

cheers laurie

 

[shoe crew]

Laurie,
nice entry at 34.5c...
Peter Strachan wrote up on NXS in a recent market report, and there is a whole lot of value in this company behind Crux, and abit to get the tounge wet with Longtom production looming in the air

 

[Korban]

Word is that these boys will start gas production in the next 2 weeks. There should only be one way the shares should head

 

[Knobby22]

Do to allthe minor problems at Nexus the price hasn't risen with the market over the last 3 months.

As mentioned, partners should be found and Longtom producing gas in the near future which will take a lot of uncertainty out of the stock.

I am therefore very happy to take up my rights.

K22

 

[gooner]

Do to allthe minor problems at Nexus the price hasn't risen with the market over the last 3 months.

As mentioned, partners should be found and Longtom producing gas in the near future which will take a lot of uncertainty out of the stock.

I am therefore very happy to take up my rights.

K22

"minor problems"

Lose a joint venture partner

Share price absolutely tanked

Suspended for months

Legal claim for cancellation of contract

Longtom continously delayed

Loss of CFO

Crux drilling cancelled

Dodgy preferential share issuance

AED deal fell over due to NXS incompetence

Would be interested in your view on what a "major issue" is?

I hold but only until I can get out at a semi decent price

 

[Bigukraine]

"minor problems"

Lose a joint venture partner

Share price absolutely tanked

Suspended for months

Legal claim for cancellation of contract

Longtom continously delayed

Loss of CFO

Crux drilling cancelled

Dodgy preferential share issuance

AED deal fell over due to NXS incompetence

Would be interested in your view on what a "major issue" is?

I hold but only until I can get out at a semi decent price

Hi Gooner,
Good example's of what went wrong(and is going wrong) for this company. todays drop to around .30c flat is a concern for a company that is supposed to start delivery of their gas from longtom in a couple of weeks time. Looks to me the market is losing conf. with the mgt imo and is the reason i sold out after the share issue. Really scratching my head if i should take up my entitlement. will watch share price closley over next couple of day's:iagree:

 

[Knobby22]

"minor problems"

Lose a joint venture partner

Share price absolutely tanked

Suspended for months

Legal claim for cancellation of contract

Longtom continously delayed

Loss of CFO

Crux drilling cancelled

Dodgy preferential share issuance

AED deal fell over due to NXS incompetence

Would be interested in your view on what a "major issue" is?

I hold but only until I can get out at a semi decent price

We are not talking history of share price, we are talking now. You have to ignore the old share price and look at where it will go from here.

They did lose a joint venture partner which is major and is reflected in the share price however a new partner will be found. At least management didn't panic and lose long term value for the shareholders.

Things have gone wrong but no real value has been lost, just time. The greed of the Viking partners caused part of the problems with Crux and we don't need that AED deal anymore imo.

It always looks darkest before dawn. We shall see where we are in a year. My opinion is the only way is up.

 

[jman2007]

Several things keeping a lid on the sp at the moment.

The ongoing and threatening prospect of a prolonged and expensive legal battle with Transocean Inc is one, plus NXS's inability in being able to complete anything by the agreed deadline. This has resulted in the absolutely laughable situation of NXS having to return the $35M deposit to AED, who must surely be shaking their heads, because I sure am!

The last 6 months have been a mixture of some good decisions (i.e preserving the value if Crux), and some real bungling from the NXS management.

Hypothetically speaking, if I was offered 70c ps for Crux, and 20c ps for Longtom, I would definitely accept, cut my losses and move on folks.

 

[Knobby22]

90c valuation, jman. That's good.
You will be taking up your rights then. You don't want to be diluted.

 

[laurie]

Remember wealth is transferred from the impatient to the patient and it helps to able to play a poker hand or two

cheers laurie

 

[Chaka1988]

How come the nexus' sp didnt rise by much today after the gas production announcement?
I thought it would go up by at least 8-10%...

 

[milothedog]

It was already factored in. The company announced last week that the pipeline was connected and should flow within a week. Today confirmed that.

 

[Chaka1988]

Is there any chance for the share price to go higher next week because of the income from the gas production?

 

[laurie]

Is there any chance for the share price to go higher next week because of the income from the gas production?

Income = Debt+cost+taxes = profit

cheers laurie

 

[Knobby22]

At the Emirates Stakes today and met an oil guy I see there every year.
He reckons Nexus has a great future now the gas is running.

The danger is still getting a partner for Crux. When and if that occurs, I expect a major rerating.

 

[GREENS]

Spot on Knobby it’s definitely got the goods in the bag just a matter of getting everything up and running smoothly. The first test for a re-rating (considerably smaller than Crux re-rating) will be getting the Longtom project up and running close to expectations over the coming quarters and maintaining that level of production. Second test for a re-rating (potentially large) is finding a JV partner for Crux at a reasonable price and getting development going a-sap. However this company does not come without its risks given the fact NXS may not be able to get production at Longtom towards expected flow rates, may not be able to find a JV partner for Crux at a reasonable price in the near term and they have current litigation outstanding in regards to a rig dispute. Hence one needs to consider their risk/reward preference.

 

[McCoy Pauley]

Interesting - NXS made its managing director redundant yesterday. Ian Tchacos had his employment terminated with immediate effect and NXS is in the process of a global search for a new CEO.

ASX announcement - http://www.nexusenergy.com.au/assets/97/Files/IZT Draft 21Dec2009.pdf

 

[kkyyoo]

today NXS just hit its new lowest SP ($0.275) in more than a year =_='

any thoughts whats causing the selloff ?

 

[SilverRanger]

I don't think the recent sell-offs are NXS specific, since a number of other energy explorers are also suffering, it looks like a good buy at current lows...