NXS is one of my stocks . I speculate the plug was pulled under pressure from major and minor shareholders who stood to be diluted and were annoyed at the suffering NXS shareprice .
The Baillieu report on the NXS thread seems to imply that they expected ex AZA holders being absorbed into NXS would put excessive sell pressure on the NXS shareprice for an extended period (my interpretation) .
Baillieus has followed NXS since the early days and alot of their clients would have been affected I guess . Just my speculation .
30% of BMG is owned by the Japanese investors . I personally believe that is where AZA investors will see interest en masse . Buying $1.6 Billion plus worth of oil for less than a quarter of the price seems logical to me, for a major economy that has little energy security .
AZA
anzon australia limited
