NXM nexus minerals limited

0.00%

7.1¢

Ann: Nexus Completes Drilling at Pinnacles JV Gold Project, page-18

First 18 Last

Share
Profile

Follow
christophe

16,487 Posts.

678

05/01/16

14:50

Post #: 16731743
Share

Originally posted by vontrader ↑

The market is a strange beast

Have a look back at BBX's announcement in October whereby they reported "visible gold"

The stock ran from 4c - 16.5c on anticipation of their assays. At 16c they were capped at $32M+ with next to no cash

Subsequently their "visible gold" disappeared and it tanked, but the market rerated it big time

View attachment 129460

Compare that to NXM

NXM in their historical results at Pinnacle encountered high grade gold

View attachment 129461

Now in their recent update, they confirmed they've encountered "favorable geology"

i.e favorable geology could imply more results in line with that of historicals, which in turn would imply potentially visible gold at those grades

Yet on that confirmation to the market, NXM did not rally at all. In fact it dropped lower, further below our cash backing of 8.5c

Is management being conservative and will wait for assays (unlike other companies exampled above). Had they reported "visible gold" then the stock would easily be double digits

If we were to be worth the equivalent of BBX at it's highs, that would be 51c/share (including the cash)

The fact NXM is trading under cash backing, with those sort of comments from management about pending results make it a gift

Expand

This management is very conservative imo.

For them to mention something like that on the announcement there must be a good chance for some decent grades if not exceptional in these results.

More importantly it will expand and increase the resource which I think was open in most directions anyway.

NXM Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

First 18 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 7.1¢		Change 0.000(0.00%)		Mkt cap ! $42.86M

Open	High	Low	Value	Volume
7.0¢	7.5¢	7.0¢	$23.85K	328.0K

Buyers (Bids)

No.	Vol.	Price($)
3	29931	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	109633	1

View Market Depth

No.	Vol.	Price($)
3	29931	0.070
1	195000	0.066
3	330800	0.065
1	450000	0.062
1	10000	0.056

Price($)	Vol.	No.
0.071	109633	1
0.074	17500	1
0.080	70000	2
0.084	20386	2
0.085	18418	2

Last trade - 15.55pm 27/06/2025 (20 minute delay)

NXM (ASX) Chart

Ann: Nexus Completes Drilling at Pinnacles JV Gold Project, page-18

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Nexus Completes Drilling at Pinnacles JV Gold Project, page-18

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News