The company said today it had received non-binding proposals for Longtom and Crux. The offers for Crux were unworthy, and discussions have ended with those parties.
For Longtom, Nexus said it is engaging with third parties but there is no assurance that a binding proposal will be received.
Nexus also entertained a non-binding whole-of-company offer, but those discussions have ended.
On the subject of funding, Nexus said its options may now be limited to a recapitalisation of the company and/or refinancing of the existing debt facilities.
