Following the Chairman's address at the AGM the s.p. fell to around the $1.75 level. Release of the announcement of the non-binding offer saw the price trade up to around $2.45.
With the offer now dropped then "logically" the price will fall back to pre-offer levels, possibly lower as the allords has fallen 8% in the meantime.
I have said on previous occasions their water products business would probably be a nice addition to other companies in the field, eg HIL or GUD. Whether this evenuates will be interesting, in the meantime I feel NLX will just "struggle along" with little interest in the stock.
NLX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
