Ann: Quarterly Activities Report, page-23

I believe the Nexus share price drop is related to the wide malaise which the whole precious metals sector has been stuck in since Easter this year. Relative to other PM companies I think the Nexus SP is doing ok. The cap raise at 46c was down to some quality timing and execution from the board, in hindsight people who bought into that paid a bit overs.... but I think any remaining holders from that will still do fine in the long run and NST buying into the latest Cap raise validates the merits of Nexus' work to date.